This won't be over until there are some mutual fund redemptions.

Nor does it offer a way to buffer the selling pressure created by mutual fund redemptions.

And there was concern that mutual fund redemptions and margin calls would snowball even further today.

This effect, he argued, more than outweighed the mutual fund redemptions.

Mutual fund redemptions seem to have bottomed out.

Following 1987 we had eight straight months of mutual fund redemptions.

And the Bank of Korea said it would pour $1.6 billion into the bond market to counter the effects of the fund redemptions.

Of course, the fund redemptions are not all being spent on consumer goods.

As a result, IDS's mutual fund redemption rate has been 10 percent in 1989, compared with 20 percent for the rest of the industry.

"Along with mutual fund redemptions, margin calls are feeding this market decline."