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TIP520: Investing Through Post-bubble Markets w/ Jamie Catherwood
We Study Billionaires - The Investor’s Podcast Network
The History of the Bucket Shop Explosion
The last kind of bucket shop or the federal ban on bucket shops was put in place in 1915. The reason bucket shops have been so popular is that they were just degenerative speculating dens. They weren't actually buying or selling the underlying stock, you were just betting on the direction of the price. And it wasn't until after the 1929 crash where retail investors and speculators came into the actual market because they couldn't no longer trade at bucket shops.
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