Not enough brokers-too much stock to sell-

Quote from myoffices:
IE anyone from Rochester NY could tell you... If you can't generate a sale how do you expect to generate GDP. When you think about it how many times have you taken advantage of a cold call? Probably never but there are some that have.
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Those cold calls are for pushing products that nobody wants to buy.

You generate GDP by producing products that people actually want to buy. With the Internet these days, customers will find you.

Perhaps you want to go back to hire people going door-to-door selling stocks?

Do-not-call list didn't stop the marketing people from spamming me via e-mails and screen pops though.
 
Quote from Bolimomo:

Those cold calls are for pushing products that nobody wants to buy.

You generate GDP by producing products that people actually want to buy. With the Internet these days, customers will find you.

Perhaps you want to go back to hire people going door-to-door selling stocks?

Do-not-call list didn't stop the marketing people from spamming me via e-mails and screen pops though.
More...

When was the last time Etrade Spammed you...
Any sale is a plus in the GDP column. The Internet arguement is mute. Only a small portion of the population is actually buying online... My parents control millions and they only buy face to face or from someone they can look at personally. This is the power of old money.

I have two clients that produce over 150 million dollars in GDP and thats only 2. They don't use telemarketing to sell their products. Its not about selling stocks alone its about seling as a career.

Sales is the top earning industry in this country. Consolidation is not the way. 300000 brokers to service 300 million and growing. Not Good....
 
nothing will move the markets until the real economy improves which is jobs.

Quote from myoffices:

The problem with the market is the lack of enough brokers to position any meaningful position in any stock. The big 10 brokers wiped out all the small boutique houses and wallstreet turned to derivatives and etfs to raise commissions.

They say 50 million people are invested in the market. That is probably 90% in mutual funds. These funds have program selling and have long sold these stocks . They wont buy them below 5 and here we are wondering with so many people in the market how come its down.... This is the concept that politicians don't understand.

Imagine sending 10000 people to help during hurricane Catrina... Not enough.. That the problem. The traders are traders we need an investment class to buy and hold the stock to sure up supply.
Like any business model if the sales end is limited your business will die. Its an epidemic and not enough doctors.

The SEC needs to first allow an immediate hire of brokers and allow some of the old brokers who left the market over the past ten years back in to go out and sell the stock to individual investors.... Limit the supply and watch the demand go higher.
Myoffices are always open for new consultants and its amazing how many people get detered by the exams. Lower the bar and hire all the unemployed people to sell stock on commission.

Also that Damn do not call list crap needs to be repealed. Nothing has killed the American economy than this thing. It stopped many good businesses from selling needed products.
Imagine if GM and Ford closed their plants and got their employees on the phone to sell their stock...

I can only dream...
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Quote from tradersboredom:

nothing will move the markets until the real economy improves which is jobs.
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THATS THE POINT.... jobs jOBs JOBS... After Sept 11 Wall street was like a ghost town with nothing but back office staff and the Big Five Brokerages with their Analists and their Bankers... After the SEC ran a lot of salesman from Wall Street guess where they went.... To sell Mortgages....

Its a SUPPLY AND DEMAND ISSUE RIGHT NOW. If you have ever mastered the art of cold calling you would know that you can sell shit to a sewer specialist. Right now we need to turn this boat because it won't turn itself.

We would sell warrant deals that had the stock flat and the warrants up 2000% now those were the days...

We would go to war against the shorts and bury them by controlling the float...

In todays MBA centric economy we look for efficiencies of scale which comes at a price; which is breakdown at the peak of performance.

What would happen if Detroit took an initiative and started a new brokerage friendly environement? Then GM cutting jobs wouldn't be a bad thing.

If you have too many cars to sell and not enough sales men what happens? Customers go away.

Its bad now but what happens when we get the buy signal...
Supply and demand is the cornerstone of economics.

Where is the spark for the demand... We killed it.
:cool:

I need some support here Im getting killed here...
 
Quote from myoffices:

The big 10 brokers wiped out all the small boutique houses and wallstreet turned to derivatives and etfs to raise commissions.
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and now with BO salary cap, say hello to the rebirth of the boutique firms... then in 10yrs time when they have substantial assetts be bought out by the big boys again. rinse lather repeat.
 
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