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Non-Tech : E*Trade (NYSE:ET)
ET 16.72+0.9%Dec 3 3:59 PM EST

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To: Oeconomicus who wrote (5223)2/17/1999 10:35:00 AM
From: Peter Church  Read Replies (2) of 13953
 
>>>Trading volume and new account applications will still rise and fall with the market.>>>

More so. I think that the company is leveraged to the continuation of the bull market. In a bear market, margins shrink and accounts close. Day trading will dry up like a drought. Money (what is left) will flee the stock market for safer homes (savings accounts??). I doubt that most day traders are nimble enough to play the short side of a bear market without getting clubbed.

I expect EGRP to be an excellent short in a serious bear market.
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