Day-Traders

February, 1999

A decade ago we had the waning days of the junk bond, as practiced by Drexel Burnham Lambert and its salesman extraordinaire, Michael Milken. Now a new religion of riches spreads through Wall Street: so-called day-trading. Come with us for a visit to Broadway Consulting, one of a growing number of schools devoted to teaching how to capitalize on almost any situation where stocks move first one way, then the other.These moment-to-moment changes allowed hedge fund speculators and investment banks...