The week of the 400 point DOW meltdown, last week, was the worst week I have had trading since 2000's online collapse. I woke up discussing China fiasco and the concerns of it carrying over to our markets. Stops could be triggered. Where would the marketplace stop for a breather? It was anybody's guess. Not being a lover of stops - I believed my mental stop strategy would work in my favor. My preference is to place mental stops if triggered and close out positions in the close. This is a technique I use to take the intra-day emotions .
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LBE: Stocks are down, her response unemployment is up, confidence is down and in general the prognosis is bleak. What are your thoughts on fixing it or getting people?
BOTTOM LINE: Answer the phone. You can always hang up if it is a sales call but there's a great chance you'll lose business if you let potential clients go to voicemail.