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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (40732)12/23/1998 4:04:00 PM
From: Shane M  Read Replies (1) of 132070
 
Things are not going nearly as well in the mutual fund or the brokerage industry as one would expect

Mike,

Saw another article today on how the online discount brokers are performing extremely well. My guess is that Schwabb will have to drop online commissions from their current $29 (I think) to the mid teens. Ameritrade was up early today as was E-trade. NITE, the MM for many of the online brokers is on quite a run as well.

How do you think the market will react if Schwab lowers online commissions?

Shane
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