It would be worrisome should foreign investors adopt a cautious stance next month.

Corporate fundamentals are improving, but we really have to be more careful now and the market needs a break after the rally.

The market’s upside is very limited and we don’t expect any particular big-cap stocks to lead the market even though some small-cap growth issues have been doing well recently.

Worries over political risks have eased and sentiment has improved.

The Merrill Lynch report had significant impact on investor sentiment, which was already weak when the index failed to pass 6,700 yesterday.