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Highly unsettled and extremely volatile conditions continued to rock world equity and commodity markets for a second day, as central banks pulled out the big guns and prepared to fire a near quarter trillion dollar round at the system in order to avert a bigger meltdown that that which has already taken place to date. The headlines continued to pour onto front pages of every publication out there and new names were added to the list of takeover/merger/default and/or plain old shaky candidates. WaMu put itself up for sale, Morgan Stanley 'spoke' with Wachovia, Lloyd TSB took over HBOS and no one dared mention the unmentionable one that starts with the letter "C" as averting one's eyes from the carnage becomes the safer thing to do. Of late, the mere mention of a name has seemed enough to send it into liquidation mode.
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