friday's trading, page-96

Treggs,

I've been waiting for the pull back since mid April when most of HC and the wider market annalists believed it was to early. Now just about everyone is saying March lows will be it and we have entered a new bull market. Surely this has been predicated on the reality that the world didn't end and fast injection of $$ has helped to stay the crisis. I know many will have an opposing view but facts are for now it has helped. Aus probably won't get much worse and USA and UK may have seen the bottom. Asia has screamed up in the last few months.

Now I guess once the gov money starts being pulled back if the world hasn't started to fend for itself then we are liable to drop back.

But the sky didn't fall and it's looking less likely to do so by the week. Not saying we aren't to high at present but I wouldn't know that's up to the market.

Unless something really major happens I can't see us retracing back to March. But what would I know I've missed the whole run up.