Report comment

Have been checking the reports on the euro bank bailout via zerohedge (500b euros). So far its still 'proposed' and faces some head winds. Apparently it'll work as a loan facility and not recapitalisation of bank equity (US bailout) so will likely get gobbled up fairly quick considering the debth of the problems.

I'm watching this space closely but am expecting a spike in prices at the open, to be retraced by next week at best guess.

Any thoughts??