why has market picked up in last 2 hours?, page-12

Selling fatigue has finally resulted in the expected relief rally. It's been led by our large fund managers who have been buying up heavily, after leveraged investors were forced to close margin positions, based on their fundamental analysis of cheap stock valuations. But given that most of this money is our super savings, let's hope that the expert view of cheap is not just another dead cat bounce (like we saw in early 2008).