I think this morning's weakness is just following Wall Street, and we did have a very buoyant start to the new financial year.
Until then, there's no reason why the market will go up. There's nothing driving the market at this stage.
The only strength in the market today is among those stocks included in the Morgan Stanley Capital International index because people expect them to be buoyed by increased buying for a while.
The fall is on the back of Wall Street, pure and simple but I don't think we will be this weak by the close.
There's been plenty of speculation on interest rates in the past few days, so I guess the market is taking the rate rise pretty well at this stage.
