Markets and the new “China Syndrome”

Stocks had one of their roughest days in months today. They fell sharply and broadly on some lackluster earnings reports.

But the real catalyst today was China. Data showed its manufacturing sector contracted this month. That plus concerns over credit conditions there sent shivers of worry around the globe and especially into the emerging markets.

Bob Pisani reports from New York and Nick Colas, chief market strategist at Convergex Group offers his insight.

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