Stocks seem to be on the rebound today following an injection of cash by the central banks. Per the Wall Street Journal, the ECB injected the equivalent of $65 billion US into European money markets. The Fed did not act in the US, however, but stated it was prepared to conduct operations if required. This, combined with an announcement by Goldman Sachs that it would rescue one of its ailing quant funds, as well as the release of decent retail sales numbers has helped the markets recover.
