Whenever a major financial market crash occurs, why is it that (as shown in movies) the stockbrokers are shitfaced at the end? The investors should be fucked right? Why the stockbrokers, who just buy and sell for the investors?
In: Economics
Many of the traders on the exchange floors are trading their personal accounts or for their small firms whose business is investing. Only some are neutral traders just executing trades for others. But even then, tyically the investment banks are also trading their own accounts, too, as well as client money.
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