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...

"Clowns" with horns on Wall Street;

As a youngster, I vaguely remember a show on tv in the afternoon, with a clown who was silent, but had a horn that she or he honked in response to questions. On one of the stock market shows on television these days there is one host who has a host of various horns that he honks as side effects....with brings back another wisdom that I learned as a boy---never take your advise from clowns.