E*Trade Tanks

Posted By: Dr. Frugal in Economics on 11/13/2007 at 06:37:10

E*Trade might go bankrupt according to a CitiGroup analyst. It was this kind of optimism-springs-eternal attitude that helped push the company to all-time lows; prices were down more than 50% on the news. I don't use E*Trade but I have seen their competitors commercials and to me it's fairly obvious why they're losing clients--the E*Trade commercials always have the $50,000 minimum asterisk where places like Charles Schaub seem to be going out of their way to get the funds of the little guy. It's the law of small numbers you dummies.

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