U.S. markets stabilized for the most part Thursday as oversold sectors like banks, energy and small caps were snapped-up as some bulls believed the selling was overdone. With small caps it’s likely that some short positions were squeezed.
Overseas markets remained weak. For example, China saw the largest reserve forex decline ever and equities there declined. Europe continues weak as investors fear another round of the financial crisis may occur. Stocks declined there and by way of example, Greek debt was routed. Emerging markets were also