Back those days, opening a futures account was a lengthy, demanding process; many potential clients were sent to the equities divisions instead.Quote from gnome:
Our markets are down about 25% over the last year. Back in the 60's and 70's, 20% was a common "noise" swing.
But back then everybody wasn't foolishly leveraged up the ass...
Now it's easier to get a futures account than a cell-phone (with credit of course).