The one-year anniversary of the Occupy Wall Street movement brought rallies and arrests Monday, as protesters marched in New York and other cities. More than 100 arrests were reported in New York, where activists marched near the city's stock exchange.
First, three stories from Thomas Peterffy's life as a trader:
When Peterffy was a kid growing up in communist Hungary in the 1950s his buddy went to Austria and brought back a pack of Juicy Fruit gum. Peterffy bought the pack, broke the sticks of gum up into little pieces, and sold them at a profit. The principal at his school was not amused. "Where's your communist conscience?" the principal asked.
Not surprisingly, given story #1, Peterffy moved to the U.S. as a young man.
That rather ominous sounding pronouncement comes from Joseph Saluzzi, co-head of equity trading at Themis Trading LLC in Chatham, N.J., in a Bloomberg News report about what happened early this morning on Wall Street.