The little man does not count for much in the stock market any more. The "odd-lotters," as Wall Street refers to customers who deal in 99 shares or less in a transaction, represent only about 6% of an average day's trading on the New York Stock Exchange.
Their place of prominence has long since been taken over by managers of institutional funds who buy and sell huge blocks of stock without batting an eye. Only occasionally can the little man make his presence felt—and last week came one of those occasions. Upset by the Middle East war crisis and given...
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