Market tanking soon, mutul fund redemptions on the high

Citi released this morning that there were $29.5 BILLION of EQUITY MUTUAL FUND REDEMPTIONS alone over the last week. You read that correctly. Sell orders for mutual funds, where managers must sell stocks in their funds to make cash available for mutual fund redemption requests, virtually ALL of which come from mom and pop individual retail investors, were at record levels. After the massive sell-off the week prior (over 1,000 points), and after the most volatile day in years to start the week (down 1,000, up 1,000, down 600), the sell volume was so massive, that $30 billion (net) of stocks had to be sold from mutual funds, and those sell tickets hit the tape en masse at the end of the day.

http://seekingalpha.com/article/3479256-this-cannot-be-allowed-to-happen