Then
It was not the speculators who were reviled in that fantastic time, but those who dared to criticize speculation. The Wall Street Journal reacted to one criticism in September 1929 by asking: "Why is it that any ignoramus can talk about Wall Street?"
(McElvaine)
Stock speculation provided a legal spirit of intoxication in a time when intoxicating spirits were prohibited by the Eighteenth Amendment. By the fall of 1929, those who were guiding the market were driving under the influence. A terrible crash, to be followed by unpleasant sobering experiences and an awful hangover were the likely results. (McElvaine)
Now
"Extraordinary Speculative Activity"
Will Federal Regulators Crack Down on Oil Speculation?
The Danger of Speculation
Increase Gas Prices From Speculation
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