Mutual funds have seen a muted reaction by investors in the wake of the weekend's tumultuous events on Wall Street, as investors eschewed panic Monday and instead appeared to take the turmoil in stride.

WSJ: Mutual Funds Seeing a Muted Reaction

Recall October 1998 when world markets were collapsing, Russia was going down the drain and Wall Street was in panic.

CNN: ?>?magazine

The other manager, Noah Freeman, recorded Mr. Longueuil describing how he destroyed external computer drives in a panic after reading a Wall Street Journal article detailing the government's investigation, according to a criminal complaint against Mr. Longueuil.

WSJ: 'Guilty' Verdict Set to Embolden Prosecutors

Seventy years ago, on Black Thursday, October the 24th 1929, the world shuddered as 13 million shares were sold on Wall Street, after confidence in the stock market burst and panic took over.

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But, judging by the level of panic at the World Bank's H Street headquarters, it is less than perfect in practice.

ECONOMIST: The World Bank