'The Top is In!'

I mentioned somewhere recently that my bro-in-law is a CFA. He is getting bombed with client demands to join the party, even though he is trying to do the right thing. Well, here is incoming from an NFTRH subscriber who is a VP of Investments at Raymond James. He too is trying to do the right thing:

"The top is in!

I just had a client call and demand that I purchase a large position in a small cap growth fund. It's a no-load fund so I can't even if I felt the fund was suitable for the client.

The fund in question is up 80% from the low but still down 15% from the high.

Sell low, buy high, repeat until capital is gone, sue advisor."