There is an improvement in the overall economic atmosphere and a better than expected increase in company profits due to tax reductions. But share- prices were still overvalued.

Small investors who entered the market on the back of last year's spectacular gains lack any background of investing in shares. If they are looking for a guaranteed return they should look elsewhere than the risky stock market. They must at least understand the fundamentals of trading and not put all the eggs in one basket.

It was expected. The market has been in a marathon for the last year and at some point it had to become exhausted.