S&P continues to work its way through this little correction....

S&P continues to work its way through this little correction. Still difficult to put a definite path on it but Friday night looked like a little fourth wave which means we have a little five down to come early this week. See how this plays out over the next couple of days

But for a longer term picture this week I am going to be following closely Brazil, India and Japan. Might get some clues there.

Heard a comment on the BBC which I thoughht was quite apt - you know how screwed up Europe is when you have a pope from Germany and the head of the Central Bank from Italy.....