Friday, October 19, 2012
Anniversary of 1986 Stock Market Crash Noted
This morning on all the business talk shows, memories are being shared about the stock market crash of 1986. I well remember it because I was a broker during the crash. Lets compare and contrast. One of the things I remember on that day, is how much i wish that I had some "hedge" for all the conservative investments that my clients had...and since I was located in the rust belt, middle USA, where most were God fearing and risk averse, there were few clients if any that had even thought of a hedge. There were no bear hedge ETF funds. Few knew of the options uses for hedging. In short...there was just fear available. Now lets flip forward to today. As a conservative investor has your broker advised or recommended any hedge against a crash for your investments? Make a note of it.
Posted by Richard Woulfe at 9:47 AM