To my way of thinking, there's still a lot of unrecognized and therefore, undiscounted debt in the market in general and in Europe in particular. Asia's pretty robust but it is rather exposed in being very export led but it's pretty solid so far because there's not that much debt; in fact if China's start spending, we could very well inflate ourselves out of the doldrums.
It's hard to say whether there'll be a double dip or not but the really big falls in the past have shown a rally after the first and then dipped again. Typically though, the second dip is factored in more aggressively and the market copes better with it, if it comes. With securities mate, there's always volatility and that's why I can't really talk about them generally. Big thigs like industries, property and such are relatively easy.
Not sure what more I can say really, it's more a thing for beer and cigarettes rather than 10 minutes composing an email.
PS: Thanks David!
