Update

From mid to late January we saw a pull back in the global stock markets. Some pundits said this was a double dip recession where we would begin to pullback to numbers not seen since October of 08. However, our model suggested this was just volatility meaning traders taking profits and not an inflection point. As of today, markets have rebounded some. What is our long-term view. We are cautious of course on Europe, US, and now Asia. We are bullish on Israel, India, and South Africa.