By now, most of you are accustomed to hearing from me at the beginning of each quarter. But due to the recent market volatility and increasingly negative news, I thought I'd drop a note just to let everyone know my thoughts on the current market climate. Although in advance, I must commend all of you on your calm demeanor over the last several weeks and months. At this point, I have communicated with most of you via phone or e-mail, and no one has displayed any desire to abandon their investment discipline or make any type of emotional trading decisions. I have great clients.
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