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To: Sonny McWilliams who wrote (2608)	9/23/1998 12:03:00 PM
From: TCGNJ	Read Replies (2) \| Respond to of 3424

--OT-- Thread, Did anyone see the WSJ today? On page C1 is an article quoting Merrill Lynch as saying that on-line trading is bad for investors. John Steffens, ML Vice-Chairman, is quoted as saying, "The do-it yourself model of investing, centered on Internet trading, should be regarded as a serious threat to Americans' financial lives." Apparently, ML is worried that investors will trade too much at the expense of long-term returns, according to the article. ML is planning, by the way, to offer on-line trading (according to the article), with full commissions. Comments? TCG