It is almost comical to follow the market “justifications” for why one day is a rally and another a rout. From an economic perspective it is riduculous to imply on Monday the global economy is safe and growing yet on Tuesday we´ve all decided the Armageddon is coming. Again, this is why we have to keep focused on the long term story not only of the global recovery but country, sector and company stories. It looks like today will be comprised of a little profit taking and a breather after a 5% run up in global equity prices in one week. Just keep focused.