It has been a particularly difficult and tedious week. Despite net daily declines across Wed, Thurs, and into the Friday close... price action has been very subdued.
It remains a very complacent market.. but then... Mr Market is well aware that the ECB QE-pomo train will arrive in the EU sometime in March. That will be a hugely bullish underpinning to most world equity markets until late 2016.
There is simply ZERO reason why the market can't keep on climbing for another two years.
On that hyper-bullish note... Goodnight from London
*the weekend update will be on the World monthly indexes