Peter Kenny is a voice-over artist actor, singer and designer living in South West London. Raised on Merseyside he gained a BAin Drama from the University of Hull... (wikipedia)
We're going to continue to see short-term volatility. But that isn't necessarily bad, as it means markets are trying to build a base.
I think the smart money is looking to sell into this rally because it probably can't be sustained.
The numbers in the market are atrocious, given that you had a cut by the Fed today . It's very emotional to see these catastrophic events happening not far away.
The consensus is there is really no reason to be in the market right now. There's a feeling that people really want to see something concrete before they put their money back in.
Intel was really the harbinger about the tone of the recovery, when it comes, and that means it's not going to be very robust.