Pete I don't ever think I've said we're not currently in a down...

Pete I don't ever think I've said we're not currently in a down trend ,in fact I've commented several times on depth falling away from the market and fewer and fewer opportunities . That's not a good sign . What I have said is that I don't call it over till it's over . They've managed to ratchet it up every time it's looked like falling over through this QE phase and I wouldn't discount that they do it again.

Sure it looks ordinary , you wouldn't have your money on the line on it going up ,but it seems to me that that's where everyone's at at the moment