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When your shoeshine person gives you trading tips..

Fixed that for you : when your Uber driver gives you trading tips...

Who still gets their shoes shined?

"JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good."


In case you're not aware, it's in reference to a famous quote by Joe Kennedy, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over." As the story goes, less than a year before Black Tuesday, a shoeshine boy told him to "...buy Hindenburg."

FWIW I was aware of the the reference and it wasn't lost on me. I was simply reflecting on current state of the shoe shining profession.

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