Boring trading could persist for some time: CLSA

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Here is expert equity call for the day on how the markets are expected to trade:

Chris Wood, CLSA: World stock markets continue to trade in a narrow range on subdued volume. Normally when markets drift sideways for a period it precedes a violent move one way or the other. Greed & Fear cautions that the sheer scale and drama of the collapse in markets in 2008 and the subsequent sharp rebound in 2009 means that an extended period of boring trading could persist for some time.