Why Wall Street is Like a Used Car Lot

Steven Pressman is Professor of Economics at Colorado State University and Emeritus Professor of Economics and Finance at Monmouth University. In addition, he serves as North American Editor of the Review of Political Economy, and as Associate Editor of the Eastern Economic Journal.  The New York Stock Exchange is a busy and fast place environment with buyers and sellers exchanging stocks. This, as Steven Pressman relates, is similar to a used car dealership. The stocks are sold by an intermediary, similar to a car dealer, and they can be good deals, or not so good deals. Both are difficult to predict, but even the stock market has lemons.