Newspaper article THE JOURNAL RECORD

Insights from the Business Rags

Newspaper article THE JOURNAL RECORD

Insights from the Business Rags

Article excerpt

ATLANTA -- With billions of dollars flowing into stock index funds, thousands of computer owners engaging in day trading and an Internet full of research, who needs a stockbroker any more?

Business Week, in its Feb. 22 issue, makes a case that technology is causing seismic waves that will eventually change the way Wall Street does business.

"Thanks to two phenomena born of cheap computing -- indexing and the Internet -- investors are standing Wall Street on its head by cutting out the middleman and taking control of their portfolios," the magazine says. And it doesn't stop with trading. It reaches into money management, or the advice part of the business. Separately, Business Week notes the Internet also is having a major impact on the economy, boosting growth but also creating fresh risks, some of which are still unclear. With a bull this old and stock prices this high, cautious investors are always looking for some new ways to get into the game and win. The business press is there to help: Money (March) suggests investors go "against the grain" in their stock picking. Sometimes called contrarian investing, the idea is to look for investments among out-of-favor stocks on the theory that great investors win by going where others don't. Oil, steel and aluminum, real estate investment trusts and utilities are among the industry groups in which these future winners may be found. …

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