Equities sured up in US trading yesterday after persistent losses several days previous, however the general sentiment on the trading floor is that of great caution. Fear and greed has a huge part to play right now with everyone desperate to call the bottom of the market but absolutely terrified that these so called green shoots will quickly turn into dead weeds. Whether we have the good fortune of a V shaped recovery is going to largely depend on the key indicators that we see both here and over the pond during the next six months rather than the presence of a relief rally in our severely depressed equity markets.