The S&P news helped. But we are having large inflows as big banks move more money into Latin America.

The market needs more money to make a new push and that money will probably have to come from foreign capital because domestic capital is starting to even out.

I think the news of Mexico's upgrade to investment grade also is helping Brazil. People are thinking Brazil could also have some sort of upgrade.

If you make things easier for Mexico, you end up making them easier for Brazil.

The market is much calmer. Basically it was the continuation of yesterday's trend today, helped by a rise in U.S. stocks.

The U.S. economy appears to be slowing faster than we thought, people are eyeing a recession and, in the heat of the moment, that is causing panic.