Yes ,not a bad news but as long as market conditions stay that way every upwards move will be a reason to sell I guess.

Today my local bank Fortis lost intraday once again 20 % but ended 11 % lower finally.Hard times to watch this so called "house farther shares"going so deep.On reason again to admit that no stock is a safe one.

If we can stay around 3 with our CLL shares for the ones who are in CLL since 2006 is a loss but not so worse then in banking stocks.

Let us hope that the AIG group will not go bankrupt and a rescue plan is not far away or we will face more big trouble.What then the effect on oil price could be I don't know but certainly not the one which stops the downtrend in oil price.

To me it's better we bear in mind that an 80 oil price could be possible though at 90 there could be a bottom for a while.