The markets are being driven by fear at them moment so they aren't rational.
I believe that Barclays and another bank prefer not to take the capital injection at the moment and instead prefer to take their chances with the money market, the consensus seems to be that sooner or later they will have to go back to the Government with their cap in hand. (there is talk of a sub £2.00 Barclay share price tomorrow)
Barclays is one of todays largest fallers where as HBOS is one of the largest risers. Until the banks sort themselves out and we find out the full details of the governments plan (ie cancellation of divi's etc) I don't think we'll see the full effect of the rescue plan.
I expect having the US follow our example will help things too.
Anthony Bolton has predicted that financials and consumer cyclicals will lead the (long slooooow) recovery, I believe commodities are due for more of a battering before they recover.
There was almost as much blue as there was red in my virtual potfolio today.