Easy come, easy go

A week last Saturday, the newspaper headlines were about the largest rise in a single day on the FTSE100 - up 8%.

Today, cumulative losses since then meant the FTSE closed lower than the point reached before the rally i.e. all those gains have been wiped away.

If someone gives you a firm opinion on the market today, as to where it is heading, they probably don't know what they are talking about.