The thing about market crashes (and rallies), is that they very rarely come when anybody is expecting them, thats why the price movements can be so severe. Many predicted the inevitable (with hindsight) collapse of the tech stocks, but very few the downturn in the wider market.
If most city institutions are now predicting a year end rally you can bet they are almost fully invested, so now who's left to buy ?.
If no rally is forthcoming and these guys then get the jitters..
[ 03 September 2001: Message edited by: Super Stall ]