when the shoeshine boy talks stocks quote

https://www.youtube.com/watch?v=nB5Ngci3PQQ, (the father of former president John F. Kennedy), It is actually a true story as far as we know – Joe Kennedy, by all accounts an extremely shrewd businessman and investor (despite the fact that he had graduated in economics*), really did get his shoes shined on Wall Street one fine morning, and the shoe-shine boy, one Pat Bologna, asked him if he wanted a few stock tips. Joseph Patrick “Joe” Kennedy, Sr. (September 6, 1888 – November 18, 1969) was a prominent American businessman and political figure, and the father of U.S. President John F. Kennedy and United States Senators Robert F. Kennedy and Ted Kennedy. Dirty Rotten CEOs: WHEN THE SHOESHINE BOYS TALK STOCKS IT WAS A GREAT SELL SIGNAL IN 1929. • 218: a stock market crash in 2018 is meant to happen. Her paper profits were quickly blown away in the gale of 1929.". All the time he was snapping the polishing cloth over my shoes, he kept telling me what was going to happen that day, what stocks would rise and what the market would do. Are we at the same fatal stage in the market today, when people who aren't expected to have stock tips have stock tips, including hot dog vendors, shoeshine boys, the homeless, pedicurists, barroom dancers, toll takers, and the trumpet player at the racetrack? Are we at the same fatal stage in the market today, when people who aren't expected to have stock tips have stock tips, including hot dog vendors, shoeshine boys, the homeless, pedicurists, barroom dancers, toll takers, and the trumpet player at the racetrack? It might as well be called the common-sense indicator. In “The Great Money Illusion,” Marc Faber, a Hong Kong-based investment analyst celebrated for his vigorous pessimism, argues that attending nightclubs can help predict the stock market: If nightclub hostesses start offering advice on shares, it’s time to sell. If a mere boy could predict the movement of the market, Kennedy concluded, then it certainly was no place for a man with plenty of money to lose. Pg. Google Books Author: ChloeTai   |   Latest post: Sun, 2 Dec 2018, 10:33 AM, Author: I'm pretty sure he's just trying to make small talk. Why do 80% of Investors Lose Money? "/"Calzogne.” (10/23) During World War I, he was an assistant general-manager of Bethlehem Steel and developed a friendship with Roosevelt, then Assistant Secretary of the Navy. This is topical. It might as well be called the common-sense indicator. Koon Yew Yin. By then, not surprisingly, most of that era’s erstwhile bearishness had given way to enthusiasm and euphoria. An old Wall Street saying has it that when everybody’s getting into the market and even the shoeshine boy is giving stock tips (or the barber/hairdresser or the taxi driver or the waiter or the bartender), then it’s time to sell. A Nation in Torment: https://www.youtube.com/watch?v=nB5Ngci3PQQ, (the father of former president John F. Kennedy), It is actually a true story as far as we know – Joe Kennedy, by all accounts an extremely shrewd businessman and investor (despite the fact that he had graduated in economics*), really did get his shoes shined on Wall Street one fine morning, and the shoe-shine boy, one Pat Bologna, asked him if he wanted a few stock tips. Everything always gets called a bubble because it's a trendy thing to say. google_color_url = "008000"; google_color_link = "0000FF"; Just look at the flood of new threads in this sub from people asking how to get started trading. His job is demeaning enough. Koon Yew Yin, US customs: TOPGLOVE 'making improvements', This Tech + Glove (combo) stock will soon explode and rise. In the winter of 1928, Joe Kennedy decided to stop to have his shoes shined before he started his day's work at the office. Discarded as trash in 2006. 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International Herald Tribune Like ajim102 likes this. He thinks of the stock market as "almost like an ATM machine," which ought to ring Baruch's alarm bell, except that at the moment the ID checker is less than 100% bullish. MQ Trader . Finding a shoeshine boy on a corner proved impossible. He did mention the anecdote later in life though and the experience served to solidify a conclusion he had already arrived at: It was very late in the game and the market was likely to crack badly fairly soon.

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