What do you tell your client if the market drops again

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Question: Suppose you are a stockbroker, who has just sold a new client 500 shares of a stock your brokerage recommends. The very next day after the sale, the price of the stock drops $3. The client calls you as soon as he's looked online. He's obviously upset that he "lost" $1,500 in only one day. Although you assure him that your researchers rate the stock highly and that the stock market as a whole had a low day yesterday, the client still threatens to sell his shares and take his business elsewhere. What do you tell your client if the market drops again tomorrow and his stock drops with it?

Reference no: EM133396202

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