First session of US markets since the G20 dinner meeting is just...

First session of US markets since the G20 dinner meeting is just over. S&P 500 up 1.1% and Nasdaq 100 up 1.6%. I would call that a positive result, no question, even though the intraday numbers were a bit higher. Thinking to the ASX now, we closed 1.8% higher on Monday after a crazy day on Friday where we were down about 1.7%. Friday seemed to be an anomaly, and was quite out of proportion to the 0.6% falls generally in Europe, and Asian markets which were all up on Friday. The only real conclusion from all this price action is that  high volatility looks to be the pattern from here in the medium term. Direction is much harder to determine, but IMO between now and the beginning of February, greater likelihood of ups, than downs. 

@radx, the chance of the US Fed, recommencing quantitative easing in the medium term is probably zilch; so if you think then that it will lead to a Bear market, then that is how it will later play out.