There is not much to say - the market seems to be pretty strong, but we shall not expect anything. As per uptrend, we are playing only long positions.
Hedge funds have still not recovered despite quite big swings lately (here).
US traders are betting on increased volatility (here).
Sources:
[http://www.marketwatch.com/story/many-hedge-managers-still-under-water-data-show-2009-08-10]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=anWx7LRgrFtc]
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