Have All These New "Investors" Lost Their Minds?

Have All These New
AP Photo/Elise Amendola

On Thursday, E-Trade, the discount brokerage, reported that its daily trading volume in April was more than three times as large as it was in April, 2019. Other discount brokers have reported similar figures. TD Ameritrade said that it did more than three million trades a day in April, compared with eight hundred and seventeen thousand a year earlier.

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