European Hedge Funds Buyers?

Last night I read that most of the European selling was retail and there was a rumor that institutions were buying up shares, perhaps in anticipation of the Fed announcement tomorrow as I speculated Friday.

Now two members have emailed me the same, one has a friend in Europe working at a hedge fund and he confirmed they are buying and will continue to buy any more weakness. The other member didn't post his source.

What is still most intriguing to me is the Friday 7/29 meeting between the Fed and the Primary Dealers (Major Investment Banks).

Here's the date of the meeting... Still no one knows exactly what was said there.