When the Dow stood at 359 on September 23, 1929 (the market had topped out...
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
When the Dow stood at 359 on September 23, 1929 (the market had topped out twenty days earlier at 381), he placed what would be a hugely profitable bet that Chase’s stock would fall.30 He might have united with the rest of the Big Six to save the markets after the meeting with Lamont, but his short would net him a tidy fortune.
chapter: Chapter 5: 1929: The Room at 23 Wall, Crash, and Big-Six Take