What a week we have to come. Gaddafi is not looking like he is going to last much longer in Libya. With him gone that will produce some downward pressure on oil prices and support to world markets. However, the Sovereign debt crisis is going to play put even more.
The markets are now trying to seek out the banks who are over-exposed to the European Sovereign debt and who may not be able to last another crisis. Worryingly, some of these are big names such as Soc Gen, Unicredit and Deutsche Bank. Without resolution things are going to stay very choppy at least, with potential crashes in the Market possible at any time they remain open.
Plenty to keep us all busy!