There was a big disappointment that fourth quarter growth (for 2005) was below expectations.
Ryan Wibberley
That's not a bad number. But I think the market was obviously expecting an upside surprise which never came.
surprise bad market
We've been in and out of positive territory a couple of times. The resilience and underlying momentum, which is very much weighted on the buy side, is still there.
positive times resilience side territory
We've had this significant run which has been pretty much one-way traffic for the last two weeks, so it doesn't really come as a surprise that there's a correction of some sort.
surprise correction run pretty traffic
I don't think anybody's panicking, because it can't go up in a straight line forever. It's probably a healthy blow-off of steam, and it's not surprising that it's occurring on a Friday.
healthy forever
growth disappointment expectations big
Fund managers can at times indiscriminately pull the plug on some markets, and normally sell in baskets.
times managers
There is a massive amount of speculation as to what kind of corporate action is at play in the coming year.
action kind play corporate
There had not been much position-taking ahead of the decision, so the reaction was muted.
decision reaction
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