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Ross is of course quite right. The priority here must be to achieve economic financial stability and get confidence back into the markets. The US House of Reps seems to have forgotten that, or at least a large number of its members anyway.
I have been bombarded with information today from all over the place (some conflicting) and I dont expect it to get any better. It seems there remains some greydetails about the B&B takeover and that is not good for the markets. A fair bit of confusion over this and what is happening in the US may see the markets suffer more this week.
I repeat what I said - take care over your accounts and keep your nerve with equities. Get advice if you have specific problems. Rocky road ahead before thing get better. Reports are that we will not see a fresh go at legislation in the US over a settlement until the end of the week.
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