Saber Rattling and Talk is Cheap from Fed on Punch Bowl Yank...Is it time for Chuck to shine? (SCHW)

[Steve Goff]

Charles Schwab Corp. (SCHW) did almost double it's volume today. Saber rattling from Fed on punch bowl yank. Everyone knows CHUCK stands to make good scratch come rate raising time. More so than most. I think today we seen people getting there in the trade. Eat my dust....I 've been there for awhile....;).and riding nice shr avg....Someone is going to look at these guys for deposit/asset base and the retail trading arm that a buyer might be looking for or lacking of.... as bonus. I always felt Chuck was a poster child for asset integrity in all this. Took no TARP. And what little loans were made seem to be low risk. Or I could be wrong...and they're heading for door....last one out get the lights...will ya....lolI wrote the below last AugustI have to tell ya...After reading through the Q at (SCHW)-Charles Schwab...I amreally optimistic about the future for them. Let me state some points. First,someone asked me yesterday why is CHUCK a good long term stock to buyhere?....My reply was this : "why is any stock held long by aninvestor?...Because you think someone(s) will pay more for it later. Or LESS for it, if your SHORT....Chuck is also the poster child for broker and asset managing integrityin my eyes. Ya also have to play the consolidation aspect in the sector at some pointhappening...It's inevitable in these times. CHUCK has already proved they'resurvivor in all this!"I also think CHUCK is an inevitable play on hyper inflation base on the lastline below about the 0% rates currently."During the quarter, the company added $17.3 billion in net new assets and197,000 new brokerage accounts. Total accounts stood at 5.3 million as of June30, up 3 percent from the year-earlier period. Total client assets declined 12percent to $1.22 trillion as of quarter end""Still, low interest rates will likely continue to put pressure on Schwab'sresults going forward, Hopson said.In December, the Federal Reserve lowered its benchmark interest rate to a rangeof zero to 0.25 percent, and plans to keep the rate at that record low level forsome time. Lower interest rates mean Schwab earns less on its investments""During the quarter, the company added $17.3 billion in net new assets and197,000 new brokerage accounts. Total accounts stood at 5.3 million as of June30, up 3 percent from the year-earlier period. Total client assets declined 12percent to $1.22 trillion as of quarter end"