Market turnaround??, page-62

Australian stocks staged a dramatic recovery in late trade on Friday, recovering earlier losses of more than 8 per cent to close up more than 4 per cent.
The benchmark S&P/ASX 200 finished the session with a mammoth gain of 234.7 points, or 4.4 per cent, at 5539.3.Having tumbled to 4873.7 in early trade, hitting the lowest level since early 2016 and extending the losses from the record high hit less than a month ago to more than 30 per cent, the index staged a remarkable recovery into the close, gaining more than 10 per cent in the space of 90 minutes.
“It’s one of those days where everyone is looking for the smoking gun, but in reality we don't need one,” said Chris Weston, head of research at Pepperstone.“
This reeks of portfolio flow where a fund has stepped up and bravely put some money to work and the market is caught on.
“The bid through the afternoon has been relentless, resulting in the biggest daily range and reversal off the low ever.”Reflecting the scale of the recovery, the total value of turnover during the session stood at a mammoth $18.2 billion, the highest on record.

Conclusion. You wouldn't want to be caught watching in the grandstands when (not if) the big money says enough!!!