kray,Its not that bad. GE lost out mainly due to their financial...

kray,

Its not that bad. GE lost out mainly due to their financial interests and involvement. Most big US companies (non-finance) are expected to continue with their 11% growth and this week is expected to reveal just that. See here:
http://www.thestreet.com/s/coming-week-financials-show-their-cards/
markets/marketfeatures/10411790.html?puc=_htmlbtb

(Note: Paste both lines together to get the url)

So I am expecting a bounce in the US this week and a continued uptrend as the financial sector recovers.

As for ABS, Eddy has been in the press lately expressing his determination to reduce the ABS debt. Combine this with the upbeat talk on the ms deal in the last announcement and I think something is going to be resolved very soon.

If the ms deal were dead I doubt that they would continue reminding the market of its importance and talking it up. Sounds more to me like they are relying on it to reduce the debt and recover the sp.

The ms deal needs the approval of the major shareholders so I dont think any delay is at the ms end. In fact abs could end up with a better deal!