Sal, I can't think what you could be thinking of when you said
>>Believe me, you have *NO* idea what might be comming. Best of all, it will be because of me (YES!)!!! I'm serious here....If I have things my way, [discount] brokerage houses and even the exchanges are going to be hurting.<<
Are you saying brokerage houses including premium brokerages, plus discount brokerage houses? Exchanges going to be hurting? Are you referring to matching services, which try to match up buyers and sellers? Hmm...From my perspective, as long as I can get through to the local data number, e-schwab is good for me. I'm not interested in specific stock recomendations from brokers; IMO they often haven't a clue, and by the time they come out with buy recomendation, the stock has already made the major % of a move. Remember the way analysts were gloomily talking about the sluggish sales and market saturation of PC's just last Spring? They were so wrong it was funny. All they were looking at was consumer Christmas sales.
Anyway, I'm wondering if a plan that would "hurt" Charles Schwab & Co. is maybe a bit over-optomistic. They report that something like 30% of all trades were done electronically last qtr at Charles Schwab & Co.
Dwight |
