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Crazy Markets

  • Sep. 24th, 2008 at 8:03 PM

Hey all,

Yeah I'm stil here. As many of you know I work in the financial services field and well let's say that while I've seen many highs and lows, these past couple of weeks have been a pretty big downer. This is simply a matter of macroeconomics over microeconomics.

When that happens you just have to minimize your losses. Fotunately I've been holding very conservative positions for my high net worth clients. It is hard to communicate with people when the markets aren't persforming at all across the board, but truthfully it is when you need to communicate the most.

I have been fortunate that I work for a boutique firm and while we aren't tiny, we haven't been exposed like many of the large players. My company isn't going to have any layoffs, go bankrupt or merge, but the markets will keep us quiet yet on our toes for the forseeable future.

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