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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (1610)	10/8/2003 11:45:11 AM
From: MetalTrader	Read Replies (1) of 108702

UGH...such bad memories...after 20 years in physical commodities I decided to move to the "paper" side....what a travesty. Scores of completely untrained drones making their 200 dials a day selling the very securities the strategists were saying avoid. Sell the sizzle. I left soon after the explanation of "why are we shorting the same stocks the box on my desk is touting. Anything to do with multibillion debt exposure?..uhh...well, we're a big firm and wear a lot of hats".....Goodbye sell side WS. Took my clients to gold in 2001 when I was being "cajoled" to the sell the latest inhouse fund du jour, and then just plain took them away when I left. Can't understand why there hasn't been a class action suit for false advertising since the cards read "financial advisor" implying some level of expertise sorely lacking. mt

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