oX,
No doubt the trading educational and business community is in its own bear market. What's really dangerous for many of them (brokers, trainers, etc) is that they expanded rapidly and leased a ton of new equipment & office space, as well as hiring new employees. This overhead has to be paid off every month but the chain letter has sort of broken for the time being. I would be very surprised if we don't hear of a few prominent closures in the next few months.
As for me, I wanted to write a book that will be bought 5 years from now as well as next week. Nison, Schwager, Murphy, Elder etc are still getting very nice royalties going into their 2nd decade of publication. I also am a bit more insulated due to the classic approach. My web site traffic and course sales are down, but not substantially. I do nice international sales (something you can't do with a focus on ECNs and Level II, etc). I also have a fiercely loyal supporters, God bless them.
Having said that, I still wish this was 1997 <g>.
Alan |
