As Wall Street suffered its worst one-day rout in three decades on Monday, finan...
Trip Miller, a managing partner of Gullane Capital Partners, spent much of the day at his dining room table in Memphis, Tennessee, where he talked, emailed and texted with colleagues and investors as they monitored the rapid selloff and their portfolio of about 16 long positions and a similar number of shorts.
“We are in full panic mode. Until comfort returns, panic kind of dies down, I think we are going to continue to have big moves,” warned Jim Paulsen, chief financial strategist at the Leuthold Group in Minneapolis. “In all the downturns I’ve experienced, there has always been something comforting about being physically there with your colleagues, commiserating and coming up with a solution,” Krosby said. “You can’t make that artificially, it has to be real.”
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