US investments continue higher despite China

For the past few years, many bearish global and US market analysts have claimed that a recession or sharp decline on Chinese exchanges will create a detrimental domino effect throughout the free market world. Well, guess what, China's Shanghai index dropped some 8+%. Despite the rapid drop-off, resembling the DJIA in 1929, US stocks failed to coincide, edging slightly higher overall, including some of the very stocks with huge interest on the exchange such as PetroChina and CNOOC.

Unfortunately for these bears, they refuse to realize that globalization has helped reduce risk and dependence in any one country or region. Negating fundamental economics, though, baffles me.

As of 10:58PM ET, the Shanghai Index was down another 5%. We will see if the US exchanges can continue the momentum and further our dominance as the supreme nation of wealth. Also interesting, the Hang Seng seems to be higher still, some .37%. This means that worries among Chinese investors have yet to spread to outside investors, including a signifcant portion from the US.