Discount Brokerage Houses
The NASDAQ has now closed at a 5 year high. As this particular index continues to rise, the itch of retail traders to move all of their money into the stock market will begin to become unbearable. The companies that will be impacted the most by this include: Ameritrade (AMTD), E-Trade (ET), and Chuck Schwab (SCHW). If the NASDAQ and its basket of tech stocks break out, it could create the same kind of panic buying that revealed itself during the tech boom of the late 90s. It could be a good time to get into this sector before this panic buying begins to occur across the entire tech sector.
posted by Stock Administrator @ 7:10 PM
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