What can we make from yesterday

After 17 days of government leadership uncertainty, yesterday two of the three undecided independants decided to sway their support to the Labour Party.

The speech from Independant Rob Oakshott was painful, unnecessary and in my honest opinion carried out as if it was his first and last time in the major limelight..(he just didnt want it to end).

Once the decision was unveiled I watched certain miners like Fortescue Metals get dumped and then recover, yet Telstra remained fairly flat! (suprising given the NBN proposal from the Labour Party).

Today is going to be interesting, DJIA down over 100 points and still the market isnt sure what this future government will bring. Im sure over the coming weeks the direction will be painted.

Cheers
Kevi