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It's the pits
Old 07-06-2015, 11:00 AM   #1
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It's the pits

Chicago and New York's famous trading pits for commodity futures are now closed, shoved aside roughly by the steady progress of technology. Here's one article Chicago’s storied trading pits fading into history | Chicago

"The last bastion of pure capitalism left on earth" was the description made famous by how Louis Winthorpe III here


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Old 07-06-2015, 12:07 PM   #2
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Wow. I'm going to miss seeing those guys smoking outside their building in Chicago. They always had a nervous look about them. I remember thinking that there was no way I'd want a job like that.

"And in the end, it's not the years in your life that count. It's the life in your years" - Abraham Lincoln
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Old 07-06-2015, 01:18 PM   #3
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But...think of all the guys banging on their keyboards today .
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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Old 07-06-2015, 02:10 PM   #4
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Reminds me of the card game "Pit" we used to play in the cafeteria between classes at college. Very fast moving and kind of fun.
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Old 07-06-2015, 04:04 PM   #5
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That's one thing I remember seeing on CNBC - years ago when I used to watch it! They brought us live footage from the Pits.
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
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Old 07-06-2015, 07:09 PM   #6
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Trading Places is my all time favorite funny movie. Since I was quite familiar with the commodity biz in the early '80's the movie still cracks me up. I understood every little nuance in the movie. Somehow, the movie would not be the same with a bunch of people pounding on computers.

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