So this latest shakeout has taken its course. We are again in the green or flirting with it, and again on a day when the markets are bleeding red all over.

With this PP all but accounted for, the competition for shares on the open market is going to be fierce going forward, once the real news starts flowing.

The markets are forward looking. They have absorbed the PP surprise, and are ready to move forward. Every day brings us closer to the BAE MS7 holy grail. That is what you will see the market focusing on in the next few trading sessions.