Hi saxien, good friends of mine are top agents for AMP and they tell me that the old story of telling clients that 'next year will be the year that your equity investment recovers' is starting to wear a little thin with their clients.
And these guys aren't your average AMP agents either. They are in the top echilon.
The old tricks of window dressing by the funds just simply are not working any more because they are finding it almost impossible to hide the losses and clients are getting more and more upset.
One of the outcomes of this is I think the exaggerated reactions we are seeing from insto's when there is a hint of something going wrong with a stock.
For example see NTG.
SIE Price at posting:
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