If the market takes ID's recent sell down in its stride, it...

If the market takes ID's recent sell down in its stride, it tells me that the market has already priced in a lot of the risks that we have been alluding to on here.

If this is true, then any upside (that the outlook confirms) should see the share price rollick.

If SXY finishes up today, it will be very soothing as it all but confirms that the market has already applied a significant risk discount to the current share price.