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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?


To: Peter Church who wrote (5236)2/17/1999 10:50:00 AM
From: Oeconomicus  Read Replies (1) | Respond to of 13953
 
Peter, I agree about the leveraged effect on EGRP of a bear market. I'd also argue that an extended sideways market (more likely at this point, IMO, but a 20-30% downturn is still a good possibility) would be bad for EGRP. In that kind of market, it would be tougher for momentum buyers and tulip traders to make money and without frequent new market records and similar excitement, the markets won't be in the news so much. Reduced trading volume in existing accounts and fewer new account openings would likely result even without a bear market.

JMO,
Bob



To: Peter Church who wrote (5236)2/17/1999 11:16:00 AM
From: j_b  Read Replies (1) | Respond to of 13953
 
<<I expect EGRP to be an excellent short in a serious bear market.>>

I expect the same would be true of any brokerage. Are you singling out E*Trade as being especially vulnerable, or where you making more of a blanket comment. If the former, please elaborate on the differences between E*Trade and the rest of the group (both internet and land based)

Thanks.