The Wall Street Bombing: A Blast from the Past That Shook the World September 16, 1920, remains etched in history as the day when terror struck the heart of New York City's financial district, leaving a trail of destruction and despair. Known as the Wall Street Bombing, this incident left unsuspecting victims and bystanders reeling from [...]
Welcome to a new post on our trading blog! Today, we explore the fascinating symbolism of Wall Street's ever-present bull and bear. These two creatures have come to represent the opposing forces driving market sentiment, and they play a central role in the lingo of investors. The bull and bear symbols have seeped into every [...]
The Pungent Plot: The Intriguing Story of the 1955 Onion Market Corner In the history of market manipulation, few examples are as bizarre and fascinating as the Great Onion Market Corner of 1955. At the story's heart are two key players: Samuel Siegel and Vincent Kosuga, charming entrepreneurs who thought they had concocted the perfect [...]
The Russian Default Meltdown of 1998 On August 17, 1998, Russia experienced an acute financial crisis, commonly known as the "Russian default," that sent shockwaves throughout the world economy. In this riveting article, we'll explore the root causes of the crisis, its local and global consequences, and the long-term impact on the Russian and global economies. We'll [...]
Jesse Livermore: Legendary Trader - The Man, the Myth, the Legend Imagine a time before computers, when trading stocks involved shouting orders in a crowded trading pit, armed with nothing but wits, instincts, and a keen sense of the markets. This is the backdrop against which Jesse Livermore, one of the greatest traders of all [...]
Wall Street has been synonymous with financial markets and economic powerhouses for generations. Yet, despite its popularity, the origin of its name remains a mystery to many. So join me as we delve into the history of this famous street, whose roots can be traced back to the early days of New York City. Origins [...]
The South Sea Bubble Crash of 1720 The stock market has experienced its fair share of market booms and busts throughout history. However, one of the earliest and most remarkable examples of such cycles was the South Sea Bubble financial crisis in 1720. The rise and eventual collapse of the South Sea Company is a [...]
The Trading Legend Richard Dennis In the world of trading and investing, a few notable names stand out among the greats for their wisdom, expertise, and breakthrough strategies. One such luminary is Richard J. Dennis, who made history as a successful commodity futures trader with an astonishing net worth once reported to be over $200 [...]
The first publication of the Dow Jones Industrial Average (DJIA), also known as "The Dow," was on May 26, 1896. The DJIA is a stock market index that tracks the performance of 30 large, publicly owned companies trading on the New York Stock Exchange (NYSE) and the NASDAQ. Over the years, it has become one [...]
Last week on our blog, we discussed the Buttonwood Agreement and briefly mentioned William Duer's speculation. One of our Twitter followers has requested further elaboration on Duer's story, so we are happy to oblige. Reckless Speculation: The Downfall of William Duer In high-stakes finance, a few reckless moves can bring down even the most high-profile [...]
