Sunday, March 3, 2013
The new digital Bucket Shop on Wall Street
In the roaring twenties, in the midst of all the excesses of Wall Street, there were groups of traders that gathered together to pump their favorite stocks---whether one calls them the bucket shops or syndicates or whatever, they were the "pumpers" of their pet stocks---and if one just thinks about what that looks like today---it is the same...and the guys and gals are on the tv morning stock shows pumping their favorite stocks all the way up....until they go down...I call these guys the "Masters of the Pump and Dump"---it does sound like a filling station..I know...