Today so far the FTSE has fallen 1.6% and is not showing much sign of a recovery. True the market has not collapsed in recent weeks; but it has been going sideways for some time. The sickly banks of RBS and Lloyds are well down from their recent highs, in fact RBS is only 30p down from 50p recently. That is quite a haircut.
All in all a horlix - my whole portfolio is red today, not a single winner! sadly, I think this is the shape of things to come next year. We avoided the expected October crash, but I fear the bear will be back early in 2010.