The good news:

1) The markets rallied, and rallied and rallied.

2) Concerted effort by the central banks to pump, pump, pump to avoid further damage and stimulate end demand

3) Recognition that the West has to make room at the table for eastern consumption - yes, inflationary ultimately, but the prerequisite to a balanced and growing world economy. The gray hair in congress is finally getting real about where we will find markets for goods and services. All the big metals stocks reacted strongly as a precursor to a strengthening economy.

4) A focus on 1, 2, and 3 like we have never seen before and evidence that for the first time, everyone has the same playbook.

Do not miss the action, it will progress rapidly from here, and we will all look back and say " Why did I not realize that once equities find a footing in the real economy, they would all move so quickly". ROF will be no exception as resources are proven up and capital flows become fluid again.

The Bad News:

By comparison, there was no major bad news. The stakeholders will continue to dialogue.