I said I would stop commenting on the credit crisis, but just wanted to throw in a statement of the blindingly obvious …. confidence in Banks balance sheets is at a very low ebb, and its not clear when this will get better.

FT.com / Equities / Volatile market – Shares hit as fears grow over financial turmoil

Investors’ fears of prolonged financial turmoil deepened on Thursday as blue-chip downgrades sent European and US shares into a tailspin and oil prices jumped above $140 a barrel for the first time.