Chuck Butler of Everbank in today's newsletter:

"Then there was this... Recall a couple of weeks ago, me telling you that IRA custodians are reporting that people are pulling out their IRA funds early, and taking the penalty... Well, now the AP reported this past weekend that people are bailing out of bank CD's and parking their cash in checking and savings accounts that earn little or no interest (except at EverBank!). And in another sign that liquidity is at the top of most people's minds these days... $145.3 Billion has been pulled out of mutual funds this year... 414 mutual funds have closed or been merged into another fund this year, and most of them were stock funds... Liquidity never seems to be a big deal until there isn't any, right?"

Note the: Most of them were stock funds...