As Mel had mentioned in previous posts re: the redemptions. The indiscriminate selling is basically comming from banks margin calling everyone and having them sell up.
Put it this way if banks were stupid enough to lend mega wads of cash to anyone previously there just as stupid now because there the ones selling on the way down. They are the dic heads not short sellers. So, they dont give a rats arse about the fundamentals of quality companies they just want the cash. Funny though they were given money which was to be used to support the system and they are not doing it. Sure fear and greed is in the markets but alot of this is not.
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