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Dr. Murtha offered some very intriguing and specific examples of techniques to be used in analyzing the client's thought processes when confronted with fear and anxiety. These tools appear to be very useful, albeit tricky to implement with certain clients. I like the idea of a crisis plan, in writing, to be used with those clients who the advisor might suspect would be candidates for panic during the next bear market. I also employ the concept of early warning that bear markets occur normally and regularly.

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