Aug 8, 2014
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On July 17th the Dow hit an all time high of 17,150. This week, the summer swoon in equity prices took the index below 16,400. While only a 4% setback, the result is loss year to date of about 1%. Anxiety levels have increased for many investors wondering if a severe correction is possible. While the answer is yes, it appears current conditions lack the ingredients to whip up a full scale crisis. Dow Jones Industrial Average (INDU) - YTD
Spencer McGowan interviews Alexander G Tollen, Director of Client Development and Equity Trading at MGAM
Alex brings with him over 20 years of experience in the financial services industry. In 2013 he earned the designation of Certified Private Wealth Advisor® delivered by Investment Management Consultants Association (IMCA) at The University of Chicago Booth School of Business. He serves as a client advocate and advanced solutions specialist responsible for outreach and development. Prior to joining McGowan Group Asset Management, he served as Director of Client Relationship Consulting for 1st Global Capital Corp., responsible for client advocacy and creating efficiencies for firms with combined assets over $900 million. Alex has also served as an institutional trader and market maker with specialties in equity market structure and execution of strategic initiatives. Alex holds the Series 7, 24, 55, 63, 65 and the Group One Texas Insurance license.
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