And he had been king for a day Richard Wyckoff will later write about this too... "The famous Jesse Livermore used to trade solely on what the tape told him, closing out every-thing before the close of the market. He traded from an office and paid the regular commissions, yet three trades out of five showed profits. Having made a fortune, he invested it in bonds and gave them all to his wife. Anticipating the 1907 panic, he put his $13,000 automobile up for a loan of $5,000, and with this capital started to play the bear side of the market, using his profits as additional margin. At one time he was short 70,000 shares of Union Pacific stock. His whole lot was covered on one of the panic days, and his net profits were over a million dollars!"
1907 bank panic? hey, there were the roaring twenties soon afterward i don't think that we'll be facing a roaring twenty-twenties
Yeah... 13 years later... which included the first world war... Only God knows how's the economy gonna look like in 13 years.