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  • kedubob kedubob May 14, 2006 2:00 PM Flag

    Stocks will be back

    Actuallt such a trend reportedly is going on, that more money is going to flow into the stock amrket from housing.

    Individual Investors Shift Assets to Stocks
    Brokers Report Near-Record Trading Activity,
    Investment Flows; Moving Out of Real Estate

    By JANE J. KIM and JEFF D. OPDYKE February 23, 2006; Page D1

    Individual investors are moving into the stock market at a stronger clip than seen in years.

    The number of trades by individual investors has risen substantially at discount brokerage firms in recent months and jumped an estimated 30% to 40% in January from December. The discount firms, which offer lower-priced trades, also report that money flowing into stock mutual funds last month was at a near record level. Charles Schwab Corp., for example, saw $4.5 billion flow into its stock mutual funds last month, the highest amount since February 2000, when net investments hit $4.7 billion......

    I was expecting e*trade to post good numbers las Q, but they have their own bungling stuff to content with. High hold times and slow clearance of money held after trade confirmations. The other silly thing is that brokers continue to want commission even on a loss. I tell you the first brokerage firm to waive charges on a loss sale will clean out (if the SEC does not forbit such a practice). Charles Schwabb has cute commercials, but they are a husltle to move cash in and out of to other banks.

    But by the time they get their training wheels off things will be shifting back to housing again.

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