Stock Brokers Going Broke

International Forecaster ^ | 31 August 2002 | Bob Chapman

[shrinkermd]

This is a small excerpt of Mr. Chapman's 50 page, most recent report. I enjoy paying for his services; however, unless you can tolerate big doses of conspiracies from time, you will be put off. He uses inductive reasoning for his investment conclusions and deductive reasoning for his conspiracy and political views. In abbreviated form, sans stock advice, he is usually published again in LeMetropole Cafe. '

[dighton]

We are terribly sorry to say our prediction of April 2000 of 50-70% of stockbrokers and stock brokerage firms going under before the bear market is over is sadly coming true.

I am terribly sorry to say that I don't believe he's sad about it.

Struggling-one-room-studios bump.

[Poohbah]

Notice how there are NO sources for the claim that commissions are down 80%? Ditto with the reports of alcohol and drug abuse; ditto with the reports of suicide.

[Orual]

It's no wonder since brokers who made $100,000 to $3 million a year are out of work.

[proxy_user]

They would not be in bad shape if they had saved some of their earnings. Or do you think they invested themselves in the stocks they were recommneding? Nah, they couldn't have been that dumb...

[Dog Gone]

A lot of people would be very happy to make $1 million during their entire lifetimes.

[Mentos]

The cool bachelor pads of the 1990’s have given way to one-room studios in the suburbs. They now struggle through life in menial jobs trying to get their lives and futures together again.

Holy schadenfreude Batman!

[Keith in Iowa]

Not only are Brokers earning less, so are their employers, which causes them to cut back in things they do - which means other companies that do business with brokerages have less business - and people end up unemployed. People like me for example...

[Isle of sanity in CA]

This guy sounds so bitter. Who pissed in his Wheaties?

[Leisler]

Why don't they enlist in the Army? In a year or so they can be in Afganistan or Iraq or Kosovo making 20 grand a year, full benifits.

Friggen yuppie pukes.

[moneyrunner]

I hate to break it to you, Buckwheat, but the author is all wet. While my income is down, I’m still making more money than 95%+ of Americans. By the way, I am not a Yuppy … or a puke. You sound bitter. You need a hug.

[Leisler]

By the way, I am not a Yuppy … or a puke.

Exhibit A. "While my income is down, I’m still making more money than 95%+ of Americans.

Exhibit B. "moneyrunner"

I'll take you at your word, you're just a plain old, boorish greedhead.

[moneyrunner]

Hey, Buckwheat, I’ll OWN that place on the beach you’re fantasizing about. How are you going to get yours? Your good looks or your winning smile?

[End The Hypocrisy]

What's a good online source of gauging where one's annual income ranks one, percentile-wise, in the overall U.S. population please?

[Leisler]

Thanks for exhibit C.

You sound a little bitter about good looks and winning smiles. I won't mention charm.

Sadly, you only have one place on the beach? Most economically successful people I know have two, one up north and the other down south. Keep grinding.

[muleboy]

Holy schadenfreude Batman!

I'm stealing this line, I hope you don't mind. Too funny! Too useful. Many thanks.

[WoofDog123]

I find ego, insecurity and income such an obnoxious combination. Moneyrunner appears to be a less-than-clever example of this.

[Senator Pardek]

This guy has no idea how brokers make $$$. He thinks they get rich when the market goes up. Not necessarily true.

Here's a hint for him: Friday's NYSE volume was about 900,000,000 shares.

[Poohbah]

Now, now, now, you're talking far too much common sense.

[Senator Pardek]

That's why they keep me here.