Retail traders piled into European stocks as big money held back
In one of Europe’s fastest rebounds from a stock rout, retail buyers may be listening to Warren Buffett’s advice to “be greedy when others are fearful.”
By Jan-Patrick Barnert / BLOOMBERG
Brokerage houses from Germany, U.K., France and Denmark are reporting a surge in mom and pop trading since the market selloff spurred by the pandemic, akin to the Robinhood phenomenon in the U.S., even as institutional money stayed on the sidelines for much of the rebound since mid-March.
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