Materials stocks fall on fear of Chinese rate hike

[WestVirginiaRebel]

Yahoo News:

NEW YORK (AP) -- Concerns that China will take steps to slow its economic expansion sent commodities and materials stocks lower Thursday.

China reported that its economy expanded 10.3 percent in 2010. Economists expect that China's central bank will increase interest rates to slow down growth and keep inflation in check.

Demand from China has sent commodities prices surging over the past year.

"All investors and companies these days are clinging to this Chinese demand story," said Jack Ablin, chief investment officer at Harris Private Bank. "And anything that could cause that to falter could have ugly implications."
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The landlord wants his rent...