Fund withdrawals Top Lehman

[enoch01]

Here's a piece of good news:

 

http://finance.yahoo.com/news/Fund-Withdrawals-Top-Lehman-bloomberg-4228473188.html?x=0

 

“When we’re getting close to a market bottom, the phone starts ringing off the hook and our clients want us to sell everything,” Bruce McCain, who helps manage $22 billion as chief investment strategist at the private-banking unit of KeyCorp, said in a phone interview on Sept. 14. “Market bottoms are less about an improvement in the fundamental situation, whether the economy or outlook for earnings, and a lot more about getting rid of all the anxious investors.”

 

I know many on this board, myself included, have been providing liquidity to such investors recently.  We'll see where we are a year or two from now.