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Strategies & Market Trends : Waiting for the big Kahuna
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To: James F. Hopkins who wrote (24059)8/12/1998 12:58:00 PM
From: Major Tom  Read Replies (3) of 94695
 
Question: If we had a market catastrophy and say massive amounts of people on a given day called up there mutual fund companies and told them to sell. Mutual fund prices are figured at the end of the day prices. Now the next day if the mutual fund companies sell there holdings in massive quantities of stocks to cover the previous day withdrawels the stock prices would plummet, and could there not then be a problem with the mutual fund companies having enough money to cover the previous day mutual fund closing prices.
Major Tom
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