Bears watching

My Main Man, Barry Ritholtz (top 'o me links to the right somewhere on this page), shares some bearish commentary here. Notice, though, that the commentary applies mainly to the US markets. The suggestion is that China-linked markets (and where have we NOT heard this story before?) will perform better than the US markets. Notice that "better than". This is a relativity qualifier. If the US sinks hard, the rest will go with the flow, just not as far, not as fast. On that train of thought, the Aussie market ought to be safer, if not altogether safe.