Monday, June 10, 2013

Schwab Topping Goldman Means Return to Stocks

From Bloomberg:  Shares of discount brokers are gaining the most since 2003 compared with the Standard & Poor’s 500 Index, a sign that small investors are joining the four-year bull market even after U.S. stocks suffered their biggest losses in six months. Charles Schwab, TD Ameritrade.and E*Trade Financial have have climbed 38 percent on average in 2013, beating the S&P 500 by 23 percentage points and eclipsing returns in financial shares from Goldman Sachs Group. to Bank of America , according to data compiled by Bloomberg,,,,.

Bulls say a rally in brokers that serve private investors means individuals are preparing to embrace shares after they pulled almost $400 billion from stock funds in the last four years. Bears say buying by individuals who missed the rally shows gains are close to peaking as another pool of untapped demand gets absorbed……

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