The Panic of 1792

The Panic of 1792

The first attempt at a stock corner in the United States came at the birth of the American stock market, occurring even before the New York Stock Exchange had been established. Instead, it occurred in trading at Philadelphia. In 1792, Philadelphia was both the capitol...
Jacob Little and the First Stock Corner

Jacob Little and the First Stock Corner

Jacob Little was the first and one of the greatest speculators on Wall Street. He engineered the first successful stock corner on the New York Stock Exchange in 1835, and was known as “Ursa Major,” or “the Great Bear of Wall Street.” Like any bear, he was loathed by...
Jacob Little and the First Stock Corner

Eddie Gilbert: The Boy Wonder of Wall Street

Eddie Gilbert died on December 23, 2015, four days shy of his ninety-third birthday, though few people outside of Albuquerque, noticed his passing. This is surprising. Gilbert was once known as the “boy wonder of Wall Street” for his successful stock market trading...
Are the Markets Up A Creek?

Are the Markets Up A Creek?

This year started weak. So weak in fact that the first ten trading days of January were the worst in US history. The television is rife with talking heads exuberant over who they can point the finger at. “Oil,” one shouted. “Tech,” said another. A third bemoaned...
The Piggly Crisis

The Piggly Crisis

  The next time you go to the grocery store, pull out a shopping basket and walk down the aisles, you should think about the fact that the modern grocery store is a result of the innovations of one man: Clarence Saunders.   Saunders’ Self-Shopping Innovation...