Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (52586)	5/11/2000 7:39:00 PM
From: goldsnow	Respond to of 116832

Charles Schwab Corp.'s clients sustained $56.2 billion in market losses in April, as declining stocks shaved the value of their holdings at the biggest discount brokerage by 7 percent. The decline in account values for Schwab's 6.9 million customers came as the company reported the lowest level of monthly asset inflows since last October. The decline in assets along with a 9 percent monthly slide in daily stock trades underscore how April's 15.5 percent plunge in the Nasdaq Composite Index hammered the broad cross-section of investors who constitute Schwab's customer base. ``Schwab's customer base can serve as a proxy for the entire retail brokerage industry,'' said Greg Smith, analyst at Chase Hambrecht & Quist . ``Volumes continue to weaken here. I think they will get worse before they get better.'' quote.bloomberg.com