Fear Not Bears! Jesse Livermore Lost It All In 1906 By Being Slightly Early But Then Made Millions Shorting In 1907
An epic bear market was coming. Livermore saw that there was no liquidity when railroad IPOs started receiving money in payment installations. Considering how much debt is in the system, when Ben eases up, an epic bear will come through and new bears will make names for themselves when the market drops 70%.
Yeah, but that was before there was a Fed. Back then nature "took its course" and common sense could be depended upon. If Jesse tried that today, with Ben Bernanke in the saddle, he would be on skid row.