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re: Is October when the bottom falls out of the market?
Posted on 10/13/22 at 12:49 pm to Niner
Posted on 10/13/22 at 12:49 pm to Niner
Which assumption was that again?
Depends on how sophisticated the client is. If you told me on the phone ""the market" is down 1.5% because XZY" with absolute certainty there would be a redemption within 30 seconds of hanging up.
quote:
If a client calls and asks me why the market is up over 1.5% just hours after the inflation announcement and I said, "is it up?"...how do you think that would come across?
Depends on how sophisticated the client is. If you told me on the phone ""the market" is down 1.5% because XZY" with absolute certainty there would be a redemption within 30 seconds of hanging up.
This post was edited on 10/13/22 at 12:57 pm
Posted on 10/13/22 at 2:16 pm to wutangfinancial
quote:That because I pay attention to what the DJIA does intraday I don't know what the hell is going on.
Which assumption was that again?
quote:Can you point me to where I said I would tell the client why the market was up 1.5%? I said I need to know what is happening if my clients ask - especially something as obvious as an inflation report and subsequent market movement. I *gasp* agree with you. If someone says they know exactly why the market is going one way or the other with absolute certainty, run the other direction.
If you told me on the phone ""the market" is down 1.5% because XZY" with absolute certainty there would be a redemption within 30 seconds of hanging up.
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