well of course the buzz this weekend is the news coming out of the IMF and other meetings, with US, UK and european governments launching mammoth bailouts and everyone planning to recapitalize banks by taking direct equity stakes. news now suggests that UK market may be closed monday after the announcement at 7 a.m.
a global coordinated effort, to the tune of 100s of billions per country, with the blessing of economists. that's worth something. maybe.
but to be frank, most of last week was probably due to forced selling - hedge funds, mutual funds, etc. when does that end? i dunno.
