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Strategies & Market Trends : Level II Trading

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To: Darren who wrote (312)	3/2/1998 9:39:00 AM
From: Jay Morrison	Read Replies (2) of 1086

<<Are you telling me that the valuable opinion of a Merrill broker is worth $220 per ticket? Yawn.>> That is the best statement I've read here in weeks. :-) But even Merrill is getting wise to this. I was one of those Merrill brokers charging $220 for my opinion. Merrill Lynch's management thinks that commissions from stock trading is heading for zero cost. They actually think that all stock trading will be free within 3 years. That is why they are making a huge push into asset management and charging fees. You hand over all your money to a complete stranger and they charge you 1% to 3% per year, every year, for the privilege. Jay

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