Gobbo,Mindless punters who can't remember what happened before...

Gobbo,

Mindless punters who can't remember what happened before the weekend.

More carnage expected on European and US markets tonight. The $170bn of finance provided by the ECB and US Fed was for 3 days only. Tonight, they have to decide whether to roll those amounts over. Of course they will - only question is, will they add to it?

[BTW, I note that ALZ had to give GPT a 5 year rental guarantee before they'd buy 50% of Freshwater. Hope the Melbourne market holds up!]