Updates

   We reported on the Citi World Radar Screen in  Global today; it also tipped GI  pro selections Kingboard among Asia tech and Wendel among Euro conglomerates.

   What to do now from Europe? Some ideas:buy infrastructure says Gen. JoeShaefer.

   Buy  U.S. smaller cap industrials to gain from the dollar weakness impact on sales and to perhaps get a takeover premium says Paris-based mney mgr.  Mayri Voute.

   Buy  discounted funds says FT adventurous investor David Stevenson who recommends a list:: PME African Infrastructure, a new fund mainly in cash valued at a 20% discount;  Hirco, a London-listed play from India's  Hirandari homebuilders Hirco which brokers Panmure Gordon  values at 4x its current  level of 2.6-2.8 pence/sh by 2010; and Cyprus, Turkey and  Dominican Republic property developer Dolphin traded at 85 pence in London when its forward yearend  estimated NAV is GBP 2.85 and it current NAV is GBP 2.27 according to brokers Colliers. Its mgr is Miltos Kambouride who used to work for George Soros whopersonallyboughtGBp2  mn worth of shares last month. Half its valuation is cash on the balance sheet.

   Buying now is pure contrarianism, a high risk strategy also called bottom fishing.