Investors are very cautious about PCCW, they want more news on Telstra. But I think the stock will hold at current levels for the time being.

The best news of the night is that I will not be singing,

Despite occasional bad news, hot money is still flowing into the local market as shown by the healthy turnover and with the index going beyond the 18,000 mark.

Stay a little and news will find you.

Today's announcement appears to be good news for our efforts to keep the Navy's jets at Oceana. It throws a well-deserved wrench into the controversial, unwise and unusual BRAC order. However, I would urge caution before anyone suggests that the encroachment problems in Virginia Beach and Chesapeake are of no concern to the Navy. We must not be distracted from addressing the issues that have caused this discussion in the first place. We must aim to make sure that Oceana remains the best location for the Master Jet Base on the East Coast.

The news is just devastating. I rushed immediately to the airport.