The markets are capable of rallying. But whether they can maintain the rally is more important, particularly with the Nasdaq.

What seems more likely is that the markets, having enjoyed an almost uninterrupted rally since last summer, have been looking for an excuse to take a breather and consolidate the gains.

We need, and we can, develop markets for our coca. China is particularly important. The Chinese like herbs and they'll like our coca tea.

And the other part is Alberta is particularly homophobic, and homosexual couples are still a little leery and suspicious.

There are already signs of a slowdown in real estate, particularly in Florida markets that have been bid up due to speculative buying.

Asia-Pacific markets have reached our index target, but we see no imminent threat to the outlook. Can the rally continue? In the short-term we believe so, particularly if the major central banks acquiesce.