Markets had a strong 3.4% bounce on Friday, with resources up 5% but gold lagging. Since 4th Nov the Alsi is down 13%, is this a bear market or just a correction? SARB warned asset managers that they had breached the prudential offshore allocation limit, how is this good for Rand trading this week? Reinet trading at a 30% discount to sum-of-the-parts NAV, presenting a buying opportunity.