[quote=joedabrkr]

As for your comment Newbie, you are the one who is confused.  [/quote]

No I'm not.  You said "It really isn't a bear market until new highs are made."

I believe that bear markets are when new lows are being made.

Are you saying I am wrong?

[quote=NASD Newbie]

[quote=joedabrkr]

As for your comment Newbie, you are the one who is confused.  [/quote]

No I'm not.  You said "It really isn't a bear market until new highs are made."

I believe that bear markets are when new lows are being made.

Are you saying I am wrong?

[/quote]

Sooo....as long as the Dow doesn't go lower than 10 (all time low), it can't be a bear market? You're just plain dumb.

[quote=NASD Newbie]

[quote=joedabrkr]

As for your comment Newbie, you are the one who is confused.  [/quote]

No I'm not.  You said "It really isn't a bear market until new highs are made."

I believe that bear markets are when new lows are being made.

Are you saying I am wrong?

[quote=joedabrkr] [quote=NASD Newbie]

[quote=joedabrkr]

As for your comment Newbie, you are the one who is confused.  [/quote]

No I'm not.  You said "It really isn't a bear market until new highs are made."

I believe that bear markets are when new lows are being made.

Are you saying I am wrong?

[/quote]

Thank you for pointing out my error.
[/quote]

You must feel so foolish--does it suck to be you?

Joe,



I think I have covered a broad base of stocks



EAFE = Int’l

S&P 600/Russell 2000 = Smallcaps

Midcap 400 = Midcaps

Russell 1000 & Dow = Largecaps



Not to mention the BULL markets we had in Real Estate and Commodities



Yes the S & P sucks because they jumped on the tech ship increasing there exposure to tech in 2000 and the Nasdaq is not a broad based index it is a sector index for the most part. As for the wilshire I am not going to look it up but my guess is it’s somewhere close to a new high like the Dow.

You must feel so foolish–does it suck to be you?

This is how you know there are two people using this account, the deadbeat son and his dad.

[quote=NASD Newbie]As any salesman knows, when you let the customer get away you lost the sale.  Those people drove five hours to talk to you, listened and then drove away.  There is no way to put a smile face on that.

Normaly, I'd be inclined to agree...make the sale now or don't make it.  However, these are not normal prospects...they are thoughtful and deliberate and I did not sell them on the first meeting at the bank either.  They had to go as they were meeting their son and did not have sufficiant time to complete the paperwork, although they appeared to be pleased when I told them that most of it could be done through the mail.  I can tell you that my instinct-o-meter (which has been very accurate in the past) tells me that it's just a matter of time.  I promise a follow-up here to give you the final result, but I think this client is mine. (there's my smile face)[/quote]

Just to prove that I know my clients better than you and that I'm a man of my word...the client called today an asked me to send him the transfer paperwork...$300K fee-based at 1%.  Put that in your pipe and smoke it...oh wait...you've been banned again...

[quote=NASD Newbie]As they get older they will find that they "enjoy"
controlling their own future–trust me, I know from my own situation
and from conversations with many friends and acquaintances. [/quote]



People with serious assets tend to want them handle’d in a serious and
professional manner. They want a few cuts more than canned pre-pack
advice without an action plan.

[quote]Additionally time becomes available--as you know it doesn't take much time, and your clients will come to realize that too.  My own father has managed a rather large portfolio of individual equities and funds since he turned sixty or so, twenty five years ago.  It's not rocket science.[/quote]

No, but it has more complexity than most folks want to deal with, especially if they own individual stocks. Long term, behavioral issues will sap most self directed portfolios

[quote]
I don't know how long you've been doing this--but suppose somebody had given you $100,000 on your first anniversary and also put $20,000 into five different Vanguard equity funds.

What do you think the result would show today?[/quote]

That would depend on so many factors.