All quiet on the markets today, taking a little respite from last week's mauling no doubt. This week will be interesting to see if the hedge fund continue their massive sell-off of everything to pay for their redemptions. Also to see how insurers cope after the end of last weeks scare.
But really, everyone is waiting for tomorrow and the final Lehmans settlement. can this go off without setting off another major bout of financial turbulence? if so this could be the sign we are nearing the bottom of the crisis market (...just the depression market left to price in?).
Odd to have had a weekend without a bank failing though, not sure I can get used to that again.