Merrill Offers OnLine Trading for $29.95!
From The Wall Street Journal -- registration needed
The Wall Street Journal makes a big to do about Merrill Lynches decision to offer online stock trading for just $29.95. One article Facing Internet Threat, Merrill Plans To Offer Trading Online for Low Fees lays out the mechanics of Merrill's plan. A second, Merrill's Move Could Force Other Firms to Lower Fees examines how other brokers, such as Prudential, may react. A third article looks at the issue from the grounds-eye broker view at KeyCorp's McDonald Investments.

PBGH pays price for avoiding Net stocks
From The Wall Street Journal -- registration needed
What's the problem at the PBHG Emerging Growth fund? The WSJ writes that the fund suffers from an excessively cautios manager. Christine Baxter, manager of the fund, relies on an "earnings momentum" model. This reliance means that she has steadfastly avoided Internet stocks even as they have led the market. Baxter explains that avoiding stocks without earnings is part of an attempt at "style purity."

 

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