The old saying says markets can behave irrational for longer than most people have money.

"We want to make the markets behave more cautiously."

But in recent weeks, he added, the dollar had been more stable and "markets were behaving themselves."

After all, no other mature market behaves like this.

After that, you've got to watch how the market behaves on the rebound.

"Therefore our markets may behave differently from other parts of the world."

Retirees also have to wonder whether the market will behave in the future as it has in the past.

But the market, except for a slight depression, has behaved normally in these past two weeks.

There is little assurance as to how individual participants or the overall market will behave.

"But given the way the market has behaved recently, I am not so sure of that," he added hastily.