The market is not expected to do anything much.

The markets' resilience at the moment is remarkable.

Generally, markets are mildly up. But this hides the growing nervousness or uncertainties that really have developed in the second quarter.

It's now coming back in a better quality.

This is a market that will not do what may be obvious. It's sentiment-led, rather than value-led. If we stabilize, people may try to cherry-pick in blue-chip and growth stocks, but if we head lower investors may get defensive again.

It would seem the bank now realizes that we are falling into a bit of a deep hole.

Europe will rely less on Wall Street, as economic trends take over.

London is still seen as the crossroads of all markets. Europe is roughly on its doorstep, one hour distant, New York is five hours distant and there's the cross-over with the Asian markets.

Ironically, it could be a nice finale to the quarter.

There are two things here, both are a hang-over from America.