As soon as the market runs away a little bit, there's a little of profit taking, taking the wind out of the sails a little bit. The underlying feeling is there's plenty of money possibly coming into the market. |
Results are coming in in line or slightly ahead, if we do see a broad economic recovery in Europe, people's estimates can still be revised up quite a bit. |
The lower oil price is taking away some of the tension. There has been a great deal of volatility over the last month and now people are trying to pick up the pieces and are looking for a few bargains. |
The market has gone up but earnings have gone up with it, so the market still hasn't been stretched on a valuation basis. |
The market's not that stretched on valuations, it's a bit frothy because of the takeover activity but at the end of the day companies are quite cheap. |
There is plenty of bid activity and plenty of private equity money around. There is still a lot of scope for more acquisitions. |