Checkout the end of day volume for Tuesday...

[Junkdrawer]

Very well could be hedge fund dumping going on...



Re: This NYT article:

Hedge Funds Are Bracing for Investors to Cash Out

First, the money rushed into hedge funds. Now, some fear, it could rush out.

Even as Washington reached a tentative agreement on Sunday over what may become the largest financial bailout in American history, new worries were building inside the nearly $2 trillion world of hedge funds. After years of explosive growth, losses are mounting — and so are concerns that some investors will head for the exits.

No one expects a wholesale flight from hedge funds. But even a modest outflow could reverberate through the financial markets. To pay back investors, some funds may be forced to dump investments at a time when the markets are already shaky.

The big worry is that a spate of hurried sales could unleash a vicious circle within the hedge fund industry, with the sales leading to more losses, and those losses leading to more withdrawals, and so on. A big test will come on Tuesday, when many funds are scheduled to accept withdrawal requests for the end of the year.

...

http://www.nytimes.com/2008/09/29/business/29hedge.html?ex=1380427200&en=39912207a486c58b&ei=5124&partner=permalink&exprod=permalink

[louis-t]

1. Been predicted since this morning.

CNN, I think.

[tekisui]

2. Damn, the DOW closed under 10,500.

Another rotten day.