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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (5972)12/11/2001 11:04:56 AM
From: MulhollandDrive  Respond to of 23786
 
>>Now, with most options underwater, a dose of reality is creeping in.<<

I was speaking with an independent broker the other day and he told me his business has picked up substantially in the last month.

But he told me most of the new clients were investors who were already invested and leaving the major brokerage firms because of "performance" issues.

Anecdotal evidence to be sure, but the way I interpret that info is there is still a fair amount of complacency about the economy in general. Investors blaming the managers for their declining net worth instead of looking at the overall economic status.