(OT) These are very uneasy times, D.inkie;
anything can happen. What appears to be a bottom, now, could very well be just the start of a full-scale worldwide economic panic and collapse. I have always understood this to be the ultimate goal of the al qaida organization. A few nut cases popping themselves off in Outback Steakhouses simultaneously, for instance, would be a kind of terrorism that will greatly affect the public's confidence/ security, for sure. Given events in other countries, not an unthinkable proposition, either.
As for smart money, well, IMO, smart money is out of the stock market, for now, and left in highly liquid assets easily redeemed for cash.