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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