Free Ebooks [PDF] Unlimited

Boy Plunger is the first full-length biography of the legendary share trader - Jesse Livermore, the man who dominated Wall Street in the twenties and thirties. To this day Livermore remains the most successful stock and commodities trader in the history of the stock market. Livermore became famous in the summer of 1929 when most people believed that the stock market would continue to rise forever. But he, almost alone, did not. Wall Street was enjoying an eight-year winning run that had seen the Dow Jones index increase 500 per cent from the start of the decade - an unprecedented rise. The Dow peaked at 381 on 3rd September and later that day the most respected economist of the era, Irving Fisher, declared that the rise was "permanent." Livermore vigorously disagreed and started a process that would see him sell $450 million of shares short inside a four week period. Two weeks later, the market began falling and rising again on successive days for no apparent reason. This sit...