Longtime broker urges patience amid stock market plunge
Ernest T. Brainard, age 97, the nation’s oldest active broker, tells clients to resist panic after the Dow fell 508 points. He cites strong economy, notes losses are on paper, and stresses caution with margin buying and credit. Brainard favors preferred stocks and tax exempt bonds for stability, and has no plans to retire.
MENTIONED IN THIS ARTICLE
Hartford
Brainard
Reagan
America
Coburn & Meredith Inc
Danvers
Mass
West Hartford
France
Fatal Building Collapse Triggers $5 Million Fine
The government levied a record 5.11 million dollar penalty against contractors for the L Ambiance Plaza collapse in Bridgeport Connecticut that killed 28 workers. OSHA said basic engineering failures and a faulty jacking system triggered the disaster.
MENTIONED IN THIS ARTICLE
Washington
Bridgeport, Conn
John A. Pendergrass
Pendergrass
National Bureau of Standards
L'Ambiance Plaza
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Lawrence W. Hamiil, M.D
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South Mainttawa
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AVON
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Heartland Refuse
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Schwars Pest Control
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Shari Gladman
Herbie
Baldwin Se
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Tom Neff
Egat
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Lord & Hickory
Franklin County
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