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>in a
raging bear market. I don't think so many people will be looking at trading
for a living now, do you? And if 90% drop out, as they do, and there are few
new entrants, where's the sense in that?<
So becoming a stock broker in a bear market makes more sense? Indeed, you
can bet they decided to make the switch near the peak of the bull market and
its volume. Perhaps they looked at one of those "long only" systems, that
looked so good a year ago, and like those systems, they thought the bull
might last forever.
BW
>From: "Patrick Gamble" <pgamble@xxxxxxxxx>
>To: "DH" <catapult@xxxxxxxxxxxxxxxxxx>, "Bob Fulks" <bfulks@xxxxxxxxxxxx>
>CC: "Omega List" <omega-list@xxxxxxxxxx>
>Subject: Re: Some general questions
>Date: Sun, 25 Mar 2001 22:52:08 +0100
>
>
> > > > OK, so Omega is moving on with its new business model,
> > >
> > >Yeah, they are going into the brokerage business just as Schwab is
> > >laying off thousands of employees. Good call (again) Bill and Ralph.
>:-)
> >
> > And they would much rather have thousands of well funded competitors
> > in the brokerage business than have a virtual monopoly in the
> > TradeStation business.
> >
> > This will make a good business-school case someday...
> >
> >
>
>Very soon, practically all exchanges will be electronic and the
>kind of integration that Omega are offering might look very good.
>
>The alternative is to try to sell more copies of shrink wrap in a
>raging bear market. I don't think so many people will be looking
>at trading for a living now, do you? And if 90% drop out, as they
>do, and there are few new entrants, where's the sense in that?
>
>
>
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