Charles Schwab is not only a leading financial services company, it is a market leading technology stock. It embraced the internet faster and better than others. Schwab understands the true meaning of customer service with exemplary command over its service delivery channels of the phone, branch office and most of all, the internet.
Yes indeed...
As I have said before, they are a "near bank" (they have a new account called "Access Schwab" and it operates as a checking account (As intended), and it is handled separate from one's equity, yet at the same time one can access the same, therefore, indeed the account can be used as a checking account as it is immune of the stock market valuation gyrations.
A most convenient account to have allows you to eliminate other accounts.
Btw... this AM SCH is showing tremendous strength in the face of the Dow being down better than 70 points...
My take is that once the market gets reassurance that the FED will stay put in their policies (including current bias)... then we may have a "relief rally"... in my opinion, such will be the outcome, as the so called Bond Vigilantes seem to be in control of things... (although sometimes I wonder about their mental stability... but that is another subject.)
Today's strength in SCH surprised me, (particularly with the rest of the market being soft... I would have expected this tomorrow if the outcome of the FED's meeting would be favorable to the market... In addition, this week is Option Expiration week (for MAY)... and sometimes this adds to the down-bias....
Let's not forget, that in typical SCH fashion, it may reach a top in the AM... and then weaken in the afternoon...
We will see... |
