Vangaurd Fund BOUGHT 4.5 million shares on 11/28/08 and several other funds are buying. Check any financial or other stocks on that sight and you will see many stocks are being sold and bought by funds.
I agree. Funds who had stocks at higher prices are selling. Have to sell if stock drops below $5. Other funds are "scooping up" the values left after the massacre. It is just crazy out there. I am holding for 2-3 years.