EF Hutton Returns

JamesL · Dec 19, 2016

Well, kinda. It appears someone bought the internet addy and threw up some shitty website:

http://efhutton.com/

Found them listed on NY Trader Expo site as "title exhibitor"

algofy · Dec 19, 2016

What was Ef Hutton ?

speedo · Dec 19, 2016

Stock brokerage...used to have a great ad campaign, some one would be in a crowded public place and would say"Well my broker is EF Hutton and he says..."...the whole room would get quiet and pay attention.

speedo · Dec 19, 2016

speedo said:
Stock brokerage...used to have a great ad campaign, some one would be in a crowded public place and would say"Well my broker is EF Hutton and he says..."...the whole room would get quiet and pay attention.

Then the ad would say "When EF Hutton speaks, everybody listens."

Stymie · Dec 19, 2016

Those were the days when anyone spreading false news was thrown in jail. Those were the days when you traded on "News" it was more likely than not real and you could make money more times than you would lose. The Internet has made it impossible to police information and we are now buried with disinformation. Those days of only real news are long gone and very much missed.

lawrence-lugar · Dec 19, 2016

speedo said:
Then the ad would say "When EF Hutton speaks, everybody listens."

Ah...the 70's and 80's...when people looked up at the brokerage houses and brokers...like they were Divine Gods with hidden/superior knowledge about the future who would rain money down on them.

W.J. Feathermaker III · Dec 19, 2016

speedo said:
Stock brokerage...used to have a great ad campaign, some one would be in a crowded public place and would say"Well my broker is EF Hutton and he says..."...the whole room would get quiet and pay attention.

Yes, the stuffy old timer that resembled Alfred Hitchcock. I believe his name was John Houseman and he also played the tough as nails law instructor in The Paper Chase, a great mid-70's film about Harvard Law School...

Edit: Houseman did the Smith Barney commercials..."They make money the old fashioned way, they earn it".

W.J. Feathermaker III · Dec 19, 2016

Stymie said:
Those were the days when anyone spreading false news was thrown in jail. Those were the days when you traded on "News" it was more likely than not real and you could make money more times than you would lose. The Internet has made it impossible to police information and we are now buried with disinformation. Those days of only real news are long gone and very much missed.

And 24hr trading has also had an enormous impact.

killshottrader · Dec 20, 2016

lawrence-lugar said:
Ah...the 70's and 80's...when people looked up at the brokerage houses and brokers...like they were Divine Gods with hidden/superior knowledge about the future who would rain money down on them.

Weird observation I have made since Nov 7 - many news events that are public and huge have been eminently tradable with serious follow through - For example, mention of Icahn's influence on EPA under Trump admin on CNBC sends his refinery stocks up 30% in two days - reminds me of price behavior when I started trading in the mid-late 90's.

Sig · Dec 20, 2016

Stymie said:
Those were the days when anyone spreading false news was thrown in jail. Those were the days when you traded on "News" it was more likely than not real and you could make money more times than you would lose. The Internet has made it impossible to police information and we are now buried with disinformation. Those days of only real news are long gone and very much missed.

Nobody missed the several hundred dollar commissions though. You had to be pretty significantly right just to break even and there was really no such thing as retail trading as we know it.