Today we stand in solidarity with our community as we recognize and celebrate Juneteenth. As a reminder, all Stock Yards Bank offices are closed today, Wednesday June 19th.
Stock Yards Bank & Trust’s Post
More Relevant Posts
-
Keith Gill May Have Resurrected the Criminal Art of Market Manipulation ******************** "After five short years, we may now need to be reminded what Wall Street was like before Uncle Sam stationed a policeman at its corner, lest, in time to come, some attempt be made to abolish that post." FERDINAND PECORA, lead prosecutor of the Stock Exchange Practices Hearings ******************** Keith Gill's latest gambit on Gamestop has landed him in some very hot water. Details are still emerging, but it's possible that he has shed his reputation as an annoying lottery winner masquerading as an investment genius in exchange for a criminal rap sheet as a market manipulator. Many retail investors applaud Mr. Gill, but this would be a grave misunderstanding of his harmful behavior. Market manipulation was outlawed with the passage of the Securities Exchange Act of 1934. This law was not designed to protect the stock operators of Wall Street; it was designed to protect the average investor. Prior to its passage, market manipulation was rampant on Wall Street. One of the more infamous manipulators was Jay Gould, and among his go to tactics was publishing his positions to pump up stocks or cause a sudden collapse in price depending on whether he was buying or shorting. Again, it is unclear whether Mr. Gill has entered the realm of criminal activity, but at a minimum, his behavior runs contrary to the spirit of U.S. securities laws. It is unsurprising, however, that he continues to push his luck. In 1914, Louis Brandeis wrote, "the weakness of human nature prevents men from being good judges of their own deservings." Mr. Gill appears to possess this human weakness in ample quantity, but he also possesses another. In the 1903 classic, "Letters from a Self-Made Merchant to His Son," George Lorimer cautioned that "when a speculator wins, he don't stop until he loses." Mr. Gill is not hero, and if he violated U.S. securities laws, he deserves to be punished accordingly. #sec #marketmanipulation #gamestop https://lnkd.in/duTWSCPr
To view or add a comment, sign in
-
𝐁𝐥𝐚𝐜𝐤 𝐌𝐨𝐧𝐞𝐲 𝐌𝐲𝐭𝐡: “Black people don’t invest/Black people are scared of the market” 𝐓𝐫𝐮𝐭𝐡 #𝟏: According to The Wall Street Journal 40% of all new stocks owned came from Black investors last year (the most ever) 𝐓𝐫𝐮𝐭𝐡 #𝟐: 63% of Black investors under 40 are now in the stock market, which is now 𝐄𝐐𝐔𝐀𝐋 to our white counterparts. 𝐓𝐫𝐮𝐭𝐡 #𝟑: Only 10% of Black Americans recall discussing the stock market growing up, while 37% are discussing in our homes now. Don’t let old, outdated stereotypes and misinformation have you believing that we don’t have the desire or resources. As a people, we are changing for the better. The only challenge is, although now we have more access, we don’t have enough of us in the industry to make the impact truly needed. My mission is to change that. What are your thoughts on investing? #BlackHistoryMonth #BlackWealth #BlackWealthMatters #BlackDollar #Investing #StockMarket #BlackWallStreet
To view or add a comment, sign in
-
FOMO: Fear Of Missing Out is a psychological tendency in the area of behavioural finance that will drive investors to make decisions based on emotion. This often leads to treating a viable wealth building mechanism like a table at a casino! Everyone has seen the commercials warning about working with an advisor but studies have shown that proper guidance more often leads to better outcomes by avoiding emotional decisions based on false pretences.
The New York Stock Exchange NYSE trading floor has changed a lot since its peak in the 1980s, mainly due to advances in technology. While computers now handle most trades, there are still real people on the floor doing important work for investors around the world. TradeMas Inc. senior floor trader Peter Tuchman, known as the "Einstein of Wall Street" because of his distinctive white hair, is one of the most recognizable figures on the trading floor. He's been working there for decades, offering valuable insights to clients during both good and bad market conditions — making him the go-to source for understanding market trends. Here's why Tuchman says stock trading isn't a "get rich quick scheme." More: https://lnkd.in/eyNmWb4A #yahoofinance #finance #investing #markets #money
Investing is not a 'get rich quick scheme,' longtime trader explains
To view or add a comment, sign in
-
E*Trade, owned by Morgan Stanley, is considering removing Keith Gill, also known as Roaring Kitty, from its platform due to accusations of market manipulation. Gill, famous for his role in the GameStop stock surge, is alleged to have influenced the stock's price through his social media activities. This move raises significant questions about the power of social media in financial markets and the responsibilities of influential investors. For those in real estate, this scenario underscores the relative stability of property investments compared to the volatile world of stock trading. #Finance #StockMarketNews #InvestmentStrategies #MarketManipulation #RealEstateInvestment https://lnkd.in/gn_YvJv3
E*Trade and Roaring Kitty: Market Manipulation Accusations and Implications for Investors
https://faithfulhomebuyers.com
To view or add a comment, sign in
-
𝐓𝐫𝐮𝐦𝐩'𝐬 𝐃𝐉𝐓 𝐓𝐢𝐜𝐤𝐞𝐫 𝐂𝐚𝐮𝐬𝐞𝐬 𝐁𝐫𝐢𝐞𝐟 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐄𝐮𝐩𝐡𝐨𝐫𝐢𝐚 A mix-up with Donald Trump's Truth Social's new "DJT" stock symbol momentarily inflated investors' brokerage balances, with some seeing increases of hundreds of thousands of dollars. The confusion, occurring on platforms like Charles Schwab and Morgan Stanley's E*Trade, aligned the stock's value with the Dow Jones Transportation Average. Despite the swift correction, social media buzzed with users' fleeting dreams of sudden wealth. #finance #news #TrumpMedia #StockMarket #InvestingBlunder Source: https://lnkd.in/g-rMANbS
To view or add a comment, sign in
-
Keith Gill placed a big bet on GameStop, and then the stock subsequently moved higher after his return to social media. 📲 However, lawyers say it is unlikely that the Securities and Exchange Commission could bring a case against Gill, the meme-stock influencer known as Roaring Kitty, based on the facts currently known about his trading. Read more on The Wall Street Journal 🔗 https://lnkd.in/emMRYb2P #FinanceNews #StockMarket #InvestmentNews #GameStop #MarketTrends #SEC #Trading #SocialMediaInfluencers #FinancialRegulation #MemeStocks
To view or add a comment, sign in
-
When I was a young investor back in the last 1990s early 2000s, I lost so much money listening to the financial news media, analysts and stock brokers. It was when I learnt to IGNORE the Bullshit from "Financial Experts and Financial Media" and Pay Attention to my own fundamental, statistical and technical research that I started to make consistent profits and make millions in the stock market. 25 years later, nothing has changed. on 13 Oct 2022, the bear market bottomed and on 15 Jan 2023 I confirmed the new bull market by reading the technical price action. Since the bottom, the S&P 500 is up 29%. Retail investors who listened to the ' financial experts' would have missed the entire rebound. In the upcoming live Black Market Event starting 18 Nov, I look forward to exposing more of Wall Street's Dirty Secrets. Grab your FREE ticket to BLACK MARKET 2023: 👉 https://bit.ly/3SqxyJs
To view or add a comment, sign in
-
Clearly turns 10 years old this year! It hasn’t been an easy ride, and we’ve faced numerous obstacles over the last decade. But we’ve managed to pull through, winning a few awards along the way. 2024 is projected to be our most successful trading year yet, and we have big plans. But first, we look back on our 10 years of ups and downs in our article below. https://lnkd.in/ekj5itQV
To view or add a comment, sign in
-
Certified NISM-VIII | NISM-I | NISM V-A | EX-Algo Trader | Financial Advisor | MBA | Nurturing Portfolios |Engaging Speaker
Meet the "Father of the Stock Market" 🎩📈 - George Fernandes! His pioneering work and insights laid the foundation for modern stock trading. Fernandes's contributions continue to shape our financial world, offering timeless wisdom on investing and market dynamics. His legacy lives on in every trade! StockMarket #FinanceHistory
To view or add a comment, sign in
-
The famous Carl Icahn is finding this market exasperating in terms of how long it is taking to move into the place where it needs to go. Likewise Michael Burry and Morgan Stanley's Michael Wilson of Morgan Stanley. But never fear, this market will break down, and when it does it will be a huge correction. https://lnkd.in/gKBD2ZFa
Carl Icahn Bet on the ‘Big Short 2.0.’ Now He Says the Game Was Rigged.
wsj.com
To view or add a comment, sign in
5,074 followers