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The Summertime Trading Blues

Traders Magazine, July 2000

William Hoffman

Summer is rarely kind to the stock mar kets, but some on Wall Street say this season has been particularly hostile to traders and broker dealers.

"I think [a trading slump] was expected, but most people did not expect it to decline this much," said Bernard L. Madoff, chairman of Bernard L. Madoff Investment Securities in New York.

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