After spending the last few days like turtles huddled in their shells, customers are coming out of the woodwork this morning, dealers say. There have been steady flows out of Canada, lead by US fund managers, but other flows have been harder to categorize. “Hedge first and ask questions later” seems to be the overriding ethos today.
Concerns remain in the financial sector, with the Feds reportedly seeking a buyer for WaMu.
