The Dow has dropped 4% in the last few weeks which makes this a correction for sure. Again the issue is Europe switching from Greece which is postponed to Spain and Portugal. The US is coming through with clear signs of imrpovement, now supported last night by Alcoa's results which astounded investors who were expecting a loss and got a good gain, Alcoa reporting rising order books globally. I think we should see this as an opportunity, shares in the fund trading lower is a good time to buy, the fundamentals have not changed.
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