Despite the recent market rally in the wake of the Kuta terrorist attack, the global outlook still looks volatile
The four days that changed the world: is that what we saw last week? After the Bali bomb, most equity markets shot up 10% or more, the fastest rise over such a period for almost 10 years. Market sentiment is more than usually unpredictable. In the weeks leading up to the first anniversary of the 11 September attacks, the Dow Jones index was rising. When the day passed with no further terrorist outrage, it fell. Analysts and experts will always say it is impossible to call the top or bottom of the market but in fact spend much of their time explaining why they cannot or have not, which in...
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