Fidelity Slashes Commissions in Challenge to Schwab —- Could this be a top in the market??

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  • Tue, Feb 02, 2010 - 08:29pm

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    Ken C

    Ken C

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    Fidelity Slashes Commissions in Challenge to Schwab —- Could this be a top in the market??

 Fidelity Slashes Commissions in Challenge to Schwab

http://www.bloomberg.com/apps/news?pid=20601087&sid=apn2.Q6BkkmQ&pos=7

 Feb. 2 (Bloomberg) — Fidelity Investments reduced online commissions for stock transactions in the U.S. by 60 percent and waived trading fees on some exchange-traded funds, in a bid to attract investors and challenge Charles Schwab Corp.

Fidelity and San Francisco-based Charles Schwab are vying for customers that are coming back to the stock market after the U.S. benchmark has surged 63 percent from a 12-year low in March.

 

Maybe these are the “dumb money” people that JAG is talking about.

 

Ken

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