[14] The amount of these redemption requests was much increased compared to the firms' cash reserves, necessitating them to help make substantial gross sales of shares once the market opened on the next Monday. Lastly, some traders anticipated these pressures and tried to get in advance of the market by selling early and aggressively on Monday, ahead of the predicted value fall.[13]
“To get a instant, I had stared at them and waved,” says Cash, 30 a long time on. “I almost chickened out for the moment, due to the fact I could see folks lining up currently plus the presentation social gathering getting ready.” But up the Australian went, and as he drew nearer to your television commentary box, down below his family and friends, uncertainties began to creep in.
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