Playing the I fund

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While global industrial production growth is set to slow in the months ahead, these leading indicators imply that downside risks to growth are limited and that a renewed strength is likely in the second half of 2007. Bottom line: the rise in our GLEI is positive for growth sensitive assets such as equities, and underscores that the bond market rally is in its later stages. Ding Dong Good Cheer.
 
The dollar has stabalized. Japan, UK, Ger,, and France appear to be resuming their climb. They are nearing resistance levels. Everything looks good here right now. The EAFE index has broken out to new highs. The biggest concern here is still the dollar. Lets hope it doesn't climb back too fast.
 
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