Goldman Had 600 Cash Equity Traders In 2000; It Now Has 2

http://www.zerohedge.com/news/2017-02-13/goldman-had-600-cash-equity-traders-2000-it-now-has-2

 

hard to trade something that only goes in one direction

 

A guy in another thread called it a "caretaker" market (great term).

 

But it was like that in 2000 as well. Markets had been going up in one direction for years.

 

Actually, if you count execution-oriented IT staff, the numbers are not that different today. The only truly manual function that's left to do (those two guys) is block trading.

 

Dodd - Frank and the sale of Speer. Banks have forced to jettison these businesses. Not really a lot to do with the market itself.

 

in 2000 there was volatility at least

 

Two cash traders
One for each button