TSXV:EVE.H - Post by User
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Vince7ileson Apr 22, 2020 12:45pm
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RE:RE:JP Morgan was getting his shoes shined 👞
RE:RE:JP Morgan was getting his shoes shined 👞KohKut wrote: Crazyfrog04 wrote: just before the 1929 stock market crash. As he was sitting in his chair getting his shoes shined he listened to all the peons shining shoes talking about how great an opportunity it was to invest in the Railroad stocks and how rich they would get in the near future. It was at this point JP Morgan realized it was time for him to pull all his investments out of the Stock Market. 6 months later Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Panic set in, and on October 24—Black Thursday—a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by buying up great blocks of stock, producing a moderate rally on Friday. On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday, in which stock prices collapsed completely.
JP Morgan became one of the richest men in the world at that time. EVE shareholders lined up at the soup kitchens wishing they still had their shoe shining jobs.
Another new handle but same result Butch,CCAA,Earningsgirl,Vision,Italian,Pump.....you need a better coach or pay attention during your toolbox meetings.
Broken record...
No life