Chinese Stock Market plummets....


European markets recovered in the afternoon, regional ones more affected yesterday (Hang Sen down 0.86%, Nikkei 225 0.48% and Philippines 1.57%). With the World Bank having lifted its forecast Chinese growth from 9.6% (as predicted in November) to 10.4% though things should bounce back though locally....shouldn't they?
Long European and emerging equities. Both positive over the longer term as fundamentals good. Shorter term valuations stretched due to recent price action - an opportunity to exploit

Other points:

1) Nobody can forecast growth. If central banks can't do it...
2) Intra day market movements are just noise.

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