<strong>MAX KING </strong> INVESTEC ASSET MANAGEMENT<br />It has all the hallmarks of a bull market. We bought into the rally back in March and at the time our view was: “It’s going up so who cares whether it’s a bear rally or bull market?” Those people who are betting on a bear market rally may end up regretting it for the next 10 years or so.<br /><br /><strong>MIKE LENHOFF </strong> BREWIN DOLPHIN<br />My view on this for a while has been: “It’s for real”. What’s been going on is a change of sector leadership away from defensives and into cyclical stocks. The market is really tired of the bear market story – it’s saying, “look, our conviction is growing and the efforts of policymakers will work”.<br /><br /><strong>SIMON WARD </strong> HENDERSON NEW STAR<br />I don’t think that it’s a bear market rally – the lows in March will hold. We are probably going to get a pull-back at some point in the summer, but over the next 12 months I think we will be up on where we are now. The market does look a little over-bought at the moment.