This is a market that will not do what may be obvious. It's sentiment-led, rather than value-led. If we stabilize, people may try to cherry-pick in blue-chip and growth stocks, but if we head lower investors may get defensive again.
More Quotes from Jerry Evans:
It would seem the bank now realizes that we are falling into a bit of a deep hole.Jerry Evans
The U.S. could have gone for the jugular, but it decided to make an issue of it banana imports, without causing massive problems.
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London is still seen as the crossroads of all markets. Europe is roughly on its doorstep, one hour distant, New York is five hours distant and there's the cross-over with the Asian markets.
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