Ugly Market

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Oct 22, 2008 4:04 pm

Well, today can't help much in trying to comfort clients and keep them in the market. 

Oct 22, 2008 4:14 pm

Anyone else sick of watching energy?  I mean, we knew it was a bubble, but this just seems unfair now. 

On the bright side of today:  Muni bonds were up!

Oct 22, 2008 4:21 pm

On the bright side, I'm sure we've all had a chance to have "the conversation". All we need to do now is cheerfully accept sell orders. " Hey, want a fixed annuity, you can make up for my dip in trails. "

 
Seriously, I'm proud of my many years of service, and the fact that not one of my client has sold one dollar of stock into this recent down market. Some buying, not one sell.
 
Thank God. 
Oct 22, 2008 6:39 pm
Getthere:

On the bright side, I'm sure we've all had a chance to
have "the conversation". All we need to do now is cheerfully accept
sell orders. " Hey, want a fixed annuity, you can make up for my dip in
trails. "

 
Seriously, I'm proud of my many years of service, and the fact
that not one of my client has sold one dollar of stock into this recent
down market. Some buying, not one sell.
 
Thank God. 







Clients who are talking to an attorney are told to make no changes to
their portfolios.  Care must be taken to not confuse a quiet
client with a loyal client, or a comfortable client.



It is often the calm before the storm.  In the case of Getthere I'd bet on it.

Oct 22, 2008 8:56 pm

Almost have talked to everyone of my clients now and only 3 have sold anything.  Thank god.  Now they are starting to think like me and wanting to add to their accounts.  Sure does pay off to stay in contact.

Oct 23, 2008 10:12 am
Provocative Put:


Clients who are talking to an attorney are told to make no changes to their portfolios.  Care must be taken to not confuse a quiet client with a loyal client, or a comfortable client.

It is often the calm before the storm.  In the case of Getthere I'd bet on it.

 
Lie.  Clients that are talking to an attorney are told to do several important things.
1. Move your account somewhere else IMMEDIATELY.
2. Sell everything that is not within your risk tolerance or unsuitable.
 
I know 2 securities lawyers who both confirmed this.  Your lies are catching up to you.
Oct 23, 2008 10:14 am
Provocative Put:
Getthere:

On the bright side, I'm sure we've all had a chance to have "the conversation". All we need to do now is cheerfully accept sell orders. " Hey, want a fixed annuity, you can make up for my dip in trails. "

 
Seriously, I'm proud of my many years of service, and the fact that not one of my client has sold one dollar of stock into this recent down market. Some buying, not one sell.
 
Thank God. 




Clients who are talking to an attorney are told to make no changes to their portfolios.  Care must be taken to not confuse a quiet client with a loyal client, or a comfortable client.

It is often the calm before the storm.  In the case of Getthere I'd bet on it.

 
The only part of this statement that has any ring of truth, or sanity, to it is the part about quiet clients.  That may be the most profound thing you've ever said. 
 
Clients who talk to attorneys at a time like this deserve to lose the money that they already have in the market, plus the money they'll waste on the attorney's billable hours.  When they lose the arbitration case, do you think they'll go find another attorney to sue the first attorney for not winning the case? 
Oct 23, 2008 2:11 pm

We haven't had one very small client sell out, so on that front, it's ok.


But I must say, it just isn't fun coming in to the office everyday and seeing this shit do this.  We've been telling our clients the same thing for the last year and it is getting very old.  I actually have a tough time getting out of bed in the morning for this crap.
Oct 24, 2008 1:28 pm
Spaceman Spiff:
 
The only part of this statement that has any ring of truth, or sanity, to it is the part about quiet clients.  That may be the most profound thing you've ever said. 
 
 
 
Spiff,
 
If you really pay attention to what ole' Putsy has to say, you will find some very good information interspersed amoung his usually inflammatory statements.  You unfortunately have to put up with the 90% bad, to get the 10% good.  That's just his nature.
 
 
Oct 24, 2008 1:43 pm
exEJIR:

If you really pay attention to what ole' Putsy has to say, you will find some very good information interspersed amoung his usually inflammatory statements.  You unfortunately have to put up with the 90% bad, to get the 10% good.  That's just his nature.

 


Even if that were true - and I have yet to see anything close to 10% of Putsy's comments being useful - that is a pathetic signal-to-noise ratio.