Industry Outlook -- Finance: SECURITIES
-- The soaring stock market is boosting the brokerage business.
-- Mergers, acquisitions, and IPOs should remain strong.
-- Congress may cut capital-gains taxes and restore deductibility of IRAs.
-- Brokerage stocks are due for a correction after their big 1995 runup.
-- Overcapacity in the industry will keep restraining margins.Return to top
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