Monday's Results In The Wall Street Bucket Shops

#SubscriberNotes have been updated on the website. Note: a bucket shop is an unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures. Today's stock trading has been divorced from its connection to true valuation of securities and is equivalent to a bucket shop operation. The stock market likely topped today on a piece of fluff: Larry Summers will not be the next Fed Head. Bad news for some, good news for others. Wall Street loves to play with printed money and Summers threaten to spoil that game. By the end of the day, the NASDAQ had lost all of the days gains and closed at Friday's lows. What do they know that the rest of the street doesn't?

Posted in: Wall Street Trading