One Last Meal for the Dead and Dying

The online brokers need a hit record.  About as badly as Kelly Clarkson does right about now – one more shot of juice to keep things moving or else it’s state fairs and Sears grand openings forever.

Brokerage firm equities trading has been a dead and dying business as the majority of investors yank money from portfolios and the more aggressive traders swim upstream (downstream?) to the options, futures and forex sites.

But the online brokerages are really excited today…

From MarketWatch:

“All of our customers are primarily going to trade the Facebook IPO in the secondary market…We’ll see lot of intraday trades; a lot of volatility. Customers will try to buy it at $65 and then jump out at $70 and then buy again if it goes back down.”

“It turns the light on in a dark room…It draws attention to the deal and the marketplace. People follow along and then look to the next deal.”

And from ValueWalk:

Ameritrade spokeswoman Beth Evegan said to MarketWatch, “IPOs drive trading volume for Main Street. Twenty-one percent of our clients that bought GM on the day of its IPO had not traded in three months. So one of the bright spots we observed was the IPOs bring about some re-engagement from retail investors who previously were sitting on the sidelines.”

Facebook IPO as economic stimulus for the online brokerage biz.  Adorable.

 

Tags: ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Afterhrsclinic commented on Oct 14

    … [Trackback]

    […] Here you can find 54763 more Information to that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  2. 안전공원 commented on Oct 20

    … [Trackback]

    […] Here you will find 89635 additional Info on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  3. bmo online banking canada commented on Nov 14

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  4. tangerine online log in commented on Nov 26

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  5. movies123.video commented on Nov 30

    … [Trackback]

    […] Here you can find 22980 more Information on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  6. her explanation commented on Jan 05

    … [Trackback]

    […] There you will find 19328 more Info to that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  7. sign in to rbc online banking commented on Jan 28

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]