Rexsh,IMO, I am seeing this across the small caps index not just...

Rexsh,

IMO, I am seeing this across the small caps index not just with ADE, I expect it to take a few weeks for things to settle down in the market to a point where investors will see value again in the small caps. We will get the odd bargain hunter in the mean time but I don't have any expectations that things will instantly reverse today or tomorrow.

It is not isolated to ADE. The majors are always the first to move in a rebound and this is no different IMO.

With regard to the sovereign debt. We have been living with this for many years and I agree that we will see waves over the next few years as they work towards stability. This is something we have to accept in the foreseeable future but they have a strong conviction and understand that it is in everyones interest to maintain stability at all costs.