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Four horsemen of January apocalypse unsaddled

The reality on China, oil prices, the US economy, and the EU has lifted markets.

The Chinese flag flying high in the City of London. Buying yen and euro has enabled the renminbi to rally against the US dollar without China actually buying US dollars - which makes a lot of sense if you are China.

THE S&P 500 is now up four weeks in a row. While the memory of the post-Davos panic is receding for some people, it has been particularly painful for others.

It was painful on both sides. The long side that got cleaned out by the panic selling and in many cases were forced to join in...

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