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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 edelfenbein at September 24, 2008 1:13 PM