From my very breif time watching markets I have noticed a "normal" value of x4 SPX we have been running at 3.4 for a while (AUD strength perhaps a reason??) and xjo at -600 of FTSE, as others have said maybe a catch up or re balance, who really knows.
For example I saw an email monday saying big boys (Insto/ fundies) jumping in to ramp at 11am. I have seen this to many times for me not to believe that there are players with far to much clout for me to question wether or not they can do what they want. All I can do is go with the flow.
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Change
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