Have the markets been right to be optimistic?

So it’s back to another nail-biter over the bail-out bill – described at the weekend by the Republican Leader John Boehner, R-Ohio, as a “crap sandwich”.

This time it will be in the senate where there’s said to be more support than in the House of Representatives. The markets seem to be assuming that it will go through – given the way stocks have recovered.

We’ll see because if it doesn’t then who knows what will happen?

Mike Smithson