Of course, chances that anything tangible will be produced out of this economic meeting is little to none. With Bush being a lame duck, and most countries unsure of what to do, it is highly unlikely they can agree on anything.
But action is needed. Since November 4, the day of the election, the Dow has dropped almost 900 points, or approximately 10%. That is the biggest post-election drop in history. Of course, not all of this can be placed on President-elect Obama; but clearly the market jitters continue.