Jan
12
Barber Shop Trading, from Pitt T. Maner III
January 12, 2011 |
There is a current TV ad where a barber shop customer asks his barber to wait a second while he finishes a trade on his smart phone. The barber complies and says he hopes the customer's trade is successful and that the customer will give him an extra tip.
Yesterday at a local barber shop my barber stopped to take a call from his broker. The conversation revolved around a stock price (in the $9 range), recent volume, and how stocks are like women.
While barbers have been known to become wealthy, one wonders if it is a healthy sign for them to trade while cutting your hair or whether it portends a forthcoming market "hair cut".
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