" The bottom line is: The economy is improving and while inflation is trending higher, there is no threat of corporate profits disintegrating," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

" I am looking for a rally," he said.

so the bottom line now is window dressing lah...........lol...

China’s central bank can ease monetary policy further to promote growth as inflation has slowed, Iwanicki said.

Extra cash on global markets as a result of the Federal Reserve’s decision to keep interest rates low through 2014 and European Central Bank’s $1.3 trillion in loans to banks will also help boost emerging-market stocks. Emerging-mkt stocks are undervalued and will rally as China’s economy heads for a soft landing, said George Iwanicki, a  MD in JPMorgan Chase & Co.’s asset management unit.  The Chinese economy will expand 7% to 8% this year, above 5% level.

Emerging-market equities trade for 1.7 times book value, down from an average of two times over the past  five years, indicating they’re undervalued, “fairly valued” at a price to book ratio of about 2 times to 2.1 times. Iwanicki said.

http://www.bloomberg.com/news/2012-03-22/jobless-claims-in-u-s-decline-to-lowest-level-in-four-years.html

Number of Americans is  saying U.S. economy is getting better rose in March to the highest level since 2004 as a decline in claims for unemployment benefits offered more evidence of a labor-market recovery.

Another report today showed the index of leading indicators rose in February by the most in 11 months, signaling the U.S. expansion will strengthen, helping to sustain global growth as China slows and Europe threatens to sink into a recession.