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Can Traders Survive A Bear Market? Prosperity in the Middle of Depression

Traders Magazine, July 2002

Gregory Bresiger

A brutal history of cutbacks and firms shutting down is repeating itself in the trading industry. Many trading firms, that previously thought they were invulnerable, are once again learning the hard lessons of the 1970s and early 1980s. More than 40,000 securities industry jobs have disappeared over the last two years, according to the Securities Industry Association.

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