Well, IMO, I think this bounce is tied to what has been said ad nauseum...EXM and the sector have been oversold. Tech has had a nice run; can it continue into 08? Financials, forget that. So where can you park some money in an oversold sector for the next 6 months and watch it play out?
I have read posts about the Fed and rates and all this crap but the bottom line is that has a very small inpact on BRIC countries. Their growth is going to be organic for the next decade.