More Market History

Today is the 139th anniversary of Black Friday. This was when Jay Gould and Jim Fiske tried to corner the gold market. It didn’t work and the bottom fell out of the gold market on September 24, 1869. Fisk was ruined and eventually shot by an angry creditor.
Forty-three years ago, President Eisenhower had a heart attack and that sent the market down 6.5%. This was a time of very low volatility so that sell-off was one of the biggest in years.
(Via: Gary Alexander)

Posted by on September 24th, 2008 at 1:13 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.