I think people are looking to the end of June as a period where probably not much is going to happen domestically, and if anything we will just see prices drift.

It's been a situation where North's been talked about for quite a while and it could be a catalyst for ongoing momentum in that area,

It's taking into consideration the Rio bid for North, and what benefits lie for other stocks in those related sectors, that's why we're seeing an improvement in BHP and other resource based stocks,

The big raw material-type stocks tend to get sold off because the demand picture is less certain.

I do believe that what we're seeing here is profit taking, which is a means of insurance that you need to take when the market has run very hard into a profit season that's got very high expectations about it,

A lot of money is very sensitive to interest rate changes but also a lot of money has been put into the high growth technology sector, and the returns are not going to come to fruition in all investments.