I wouldn't say we are back to normal markets yet, but the volatility has clearly gone. There is some suspension of belief going on that the eurozone problems are behind us. But bond yields are dropping, and there will need to be some macro news to give the markets a push in one direction or the other. Results season in the US is also not giving much away. No big surprises up or down, so it's going to be muddle through for now.
I've been looking around for activity in any of the futures markets, but it has all gone a little quiet right now. There will be a decent down move at some stage, but nothing big. So just have to be patient, and do my taxes instead.