As earning are reported for the parent companies fo some Refional Firm you might hear the faint taps of death echoing around. Janney, Steiful, Raymind James, Ryan beck, even A G Edwards could be "dead men walking" The business is consolidating quickly and critical mass will be key determiners. Parent companies are not going to stand by and watch these firms hemeroge cash.
If you see your mamangment dealing with market conditions by cutting costs and eliminating positions you'll know rthat they're trying to survive. If they are "maintaining the status quo: No cut backs or layoffs is a sign that they are window dressing in hopes of getting a wirehouse to uy them,
Our business is dying! We're not needed. Computers and clerks will handle everything at half the cost!