Slow but Graceful Recovery ?

It appears that since the investor relations conference call that generated a positive spike in March, confidence is slowly returning as the FOREX giant recovers from it's unexpected losses in response to the Swiss Franc debacle. Given the longevity of current market forces, it may be able to return to near last years operating levels by the end of this year.
As a side note, the dire predictions of falling to 45 to 47c seem to have been based more on emotion than fiscal reality.