|
PureBytes Links
Trading Reference Links
|
What I remember about October of 1987 what that you couldn't get Fidelity on the phone
for a week. Perhaps it doesn't matter. Everybody can't sell at once. Maybe we should
expect that in any major downturn essentially all major fund families will lock up
tight.
-John
Bob Wiseman wrote:
> Bill:
>
> I was with them in 1987, October. You couldn't get them on the phone ALL DAY.
> Don't think that they have added enough capacity to either their phones or
> computers. I've been looking into some alternatives, but still don't have anything
> great shour to driving down to the local branch, 75+ miles and shouting HELP. Does
> anyone out there have any suggestions? Phone and net comms are not enough!
>
> Regards,
> Bob Wiseman
>
> Bill Saxon wrote:
>
> > I was out of the market last week except for two stocks, with the money I handle
> > myself. With this further deterioration I decided today to get out of those two
> > when the Dow was down about 175 pts in the afternoon. I could NOT get on
> > Fidelity's Website after a half hour of trying. My wife was waiting
> > (impatiently) for me to leave so I consoled myself with, "Maybe it will finish
> > higher". Now I wish I had just tried to make a phone call and pay the price to
> > get out. Anyone else have a problem? What happens in a real meltdown?????
> > This cost me a couple of thousand, what if the whole wad rode on some kind of
> > account servicing???
|