"he had made more money that day than he ever had before"??? So how did people make money during during this time without the dubious techniques that exist today? Anyone?
These people are practically gambling . they are gambling addicts who would put their whole way of life on the line because they wanted more and more. and i for one do not feel sorry for them at all. there is so much more in this world than money. And if more people realised this then the world would be a much better place.
@willmross so you should go to china and work in a mine, if money means nothing to you. instead of criticizing "them," learn how to play their game. when inflation gets out of control in the next few years, you'll regret not pursuing financial security for yourself.
We had the Panics, such as in the late 1800's and early 1900's, which only lasted less than a year at a time. When Wilson created the Federal Reserve, we had no more panics, only depressions and recessions that lasted years upon years. Massive increase in the scale size.
It does not happen every 20 or 30 years it happens every time the NATIONAL BANK prints money out the ass and keep intresst rates TOO LOW causing massive inflation and false economy that collapses when the creidt spicket as it must and it depends on how big the "opening" was to beging with CLOSES!
I see history repeating itself - so many of the comments on this video actually apply today. Mans greed and self delusion; fear and panic; we just cannot change human nature. The crash to rival the 1929 crash is here and now and continuing right now, unfolding before our very eyes. Don't go looking for a bottom - you'll know when it gets there by the weeping and wailing in high places.
I agree with JPLjanitor. So much has changed in the last 75 years. People have become so addicted to growth, that they can't accept a recession cycle, so they panic. It's all about fundamentals. A huge percentage of companies are making a profit. It might not be as large as in the recent past, but THEY'RE STILL MAKING A PROFIT.
Two points in this 4th part. At 3:03 the gentleman says every 20 to 30 years there is a cycle. THIS MUST BE ONE OF THOSES CYCLES.
At 3:53 the Rich Lady says "I began to learn what THE REAL WORLD was all about." Mark My Words..... By December 2008 it will be..."WELCOME TO THE REAL WORLD."
A stock's value is based upon an arbitrarily controlled (by fund manages & insiders) BID-ASK scheme with the intended goal of taking money from potential outsider paricipants. Like in any confidence scheme, the runners of it will let you win sometimes in order to keep you trusting and putting more money into it. Stock BID-ASK movement is NOT based upon anything fundamental to the company nor in the macro. It's almost totally seperated from anything fundamental.
Long term investors are the ones who got royally b-ttf*cked in this! Pensioners in the usa are desitute because of this; '301ks' anyone?
This market is better from the outside than from within. I sold & am cautiously getting back in but being sh*fted at the moment by the volatility! Spreads are madness.
Those who're shorting good companies/commodities ought to have their dicks cut off 'n rammed in their eyes! Shorting foodstuffs is bankrupting farmers & shorting metals is closing mines!
All i've got to say, boys, is get ready. Save nickels, at home, not it banks. Buy Scotch, liquers, cigarettes, canned meats, anything you can trade on the black market. Learn to fish,hunt, and plant victory gardens. Most of all pray.
I started as a runner on the NYSE floor in 1985 and met these two guys - still there almost 60 years later... Real characters... When Wall St. meant making more money, working less hard, and being more crooked, but at least being dapper about it, damnit....
ornelas No it's not! A stocks value is set by the demand for the stock which is [usually] a reflection of how well the company is expected to do. But really what people who invest in stock care about is how well their investment is expected to do. If the owners of stock want to sell and no one wants to buy the value of the stocks plummet. There's no magic to it, when everyone saw a threat to their investments in the vulnerability of the stocks their confidence erroded and fear ruled the day.
A stock's value is primarily based on the forecast of the corporation's future profits. How is it possible for a massive market, the American market, to come to a halt, suddenly? Impossible, this was done artificially by men in power. Thereafter, the Federal Reserve implemented a deflation of the American currency and the Great Depression was well on its way.
A stock's ACTUAL value is based on the operations of the underlying company... but stock prices are not. They're based on what someone thinks they can buy them for to make a profit later by selling.
Once people stop seeing the profit in the price, prices tumble. That's what we're seeing now.
Prices have LITTLE in common with companies and EVERYTHING to do with greedy people.
The stock markets are highly inefficient, prices of stocks in the market do not reflect the true value of a company, often times inflated in price. It is more complex when one ties in the financial markets into the fraudelent Federal Reserve system. But currently, to answer your question, I am not playing the stock market; it is too volatile for me right now.
I am. I have played the market for years & this is the craziest I've ever seen it and ever WISH to see it again!
I'm in the UK so whatever beef you have the FED, I don't really care a fig for, I am only interested in what directly affects me & my family. The usa seems to be circling the bowl and being between corrupt presidents doesn't help either!
All I know is companies with cash, no debt, income and secure future income are a QUARTER of the price of their breakup value! CRAZY!
THEN... Rockefeller and the new world order bought up the banks on pennys on the dollar, now they're gonna do it agian. By the way,this led to Social Security, one more step towards getting us chipped.
@procgtutorials if he would have done that rockefeller would have been way richer... havent you heard about that japanese guy who did that, he became billjionaire by just buying unterpriced tech stocks,...
I learnt about financial memory. Cool.
Robert Lichota Robert Lichota Robert Lichota
rlichota1 6 months ago
Awesome video!
Thank U so much
FreeSTOCKnolossROBOT 7 months ago
i love livermore!!!! shame he died that way, he was the greatest guy who ever lived, actually im like him just bad coincidences and circumstances
dragonheadofthewest 11 months ago
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alizanorrellfht 1 year ago
"he had made more money that day than he ever had before"??? So how did people make money during during this time without the dubious techniques that exist today? Anyone?
mystico09 1 year ago
@mystico09
If they later had to move out of their house, which was taken over, then he was obviously being delusional.
72Yonatan 1 year ago
These people are practically gambling . they are gambling addicts who would put their whole way of life on the line because they wanted more and more. and i for one do not feel sorry for them at all. there is so much more in this world than money. And if more people realised this then the world would be a much better place.
willmross 1 year ago
@willmross so you should go to china and work in a mine, if money means nothing to you. instead of criticizing "them," learn how to play their game. when inflation gets out of control in the next few years, you'll regret not pursuing financial security for yourself.
prodigee411 1 year ago
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Regardless of all the big problems, real value will still result in gains for people who spot potential early. Especially in junior market companies.
Everyone who knows and follows me knows that I'm tired of getting involved in stocks where institutions influence the stock.
StockGuyTips 1 year ago
We had the Panics, such as in the late 1800's and early 1900's, which only lasted less than a year at a time. When Wilson created the Federal Reserve, we had no more panics, only depressions and recessions that lasted years upon years. Massive increase in the scale size.
pfizzbones 2 years ago
right on brother. you hit the nail on the head.
spanishaustralian 2 years ago
It does not happen every 20 or 30 years it happens every time the NATIONAL BANK prints money out the ass and keep intresst rates TOO LOW causing massive inflation and false economy that collapses when the creidt spicket as it must and it depends on how big the "opening" was to beging with CLOSES!
deltapunk21 2 years ago
History is about to repeat itself,get ready for the big crash of 10,11, and 2012.Everything in the future is going to shrink,except big government.
blackforest270 2 years ago
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Nice try. Keep it up check out esteembpo + com for social media marketing. ghj
quenarosima 2 years ago
min 1:20 " I made more money on Black Monday than ever before...beeeatch"
Jesse Livermore´s a total badass!!!
RideMyBMW 3 years ago
Total Badass...Too bad he blew his brains out, he was a genius.
GannScience 2 years ago
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7ahg 3 years ago
ok lets talk :)
Zaisorian 3 years ago
I see history repeating itself - so many of the comments on this video actually apply today. Mans greed and self delusion; fear and panic; we just cannot change human nature. The crash to rival the 1929 crash is here and now and continuing right now, unfolding before our very eyes. Don't go looking for a bottom - you'll know when it gets there by the weeping and wailing in high places.
hegavehislife4us 3 years ago
all this sounds like today.
mungcray 3 years ago
not at all
JPLjanitor 3 years ago
I agree with JPLjanitor. So much has changed in the last 75 years. People have become so addicted to growth, that they can't accept a recession cycle, so they panic. It's all about fundamentals. A huge percentage of companies are making a profit. It might not be as large as in the recent past, but THEY'RE STILL MAKING A PROFIT.
thaibites 3 years ago
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chck out my profile! A
chantellec06 3 years ago
Two points in this 4th part. At 3:03 the gentleman says every 20 to 30 years there is a cycle. THIS MUST BE ONE OF THOSES CYCLES.
At 3:53 the Rich Lady says "I began to learn what THE REAL WORLD was all about." Mark My Words..... By December 2008 it will be..."WELCOME TO THE REAL WORLD."
bbad4all 3 years ago
very true. Major Cycles occur every 20 & 30 years because of this very reason.
1907 1919, 1929, 1949, 1989, 1999 2007
Just prepare for 2019 and 2029
GannScience 2 years ago
A stock's value is based upon an arbitrarily controlled (by fund manages & insiders) BID-ASK scheme with the intended goal of taking money from potential outsider paricipants. Like in any confidence scheme, the runners of it will let you win sometimes in order to keep you trusting and putting more money into it. Stock BID-ASK movement is NOT based upon anything fundamental to the company nor in the macro. It's almost totally seperated from anything fundamental.
truthwillwinout 3 years ago
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i always wondered where they came up with that.
mungcray 3 years ago
What you say applies to day traders, not to long term investors with a balanced portfolio.
thaibites 3 years ago
bs.
Long term investors are the ones who got royally b-ttf*cked in this! Pensioners in the usa are desitute because of this; '301ks' anyone?
This market is better from the outside than from within. I sold & am cautiously getting back in but being sh*fted at the moment by the volatility! Spreads are madness.
Those who're shorting good companies/commodities ought to have their dicks cut off 'n rammed in their eyes! Shorting foodstuffs is bankrupting farmers & shorting metals is closing mines!
flangelet 3 years ago 2
Livermore made $100 million in 1929 crash. suicide in 1940 shotgun
CalvinLe111 3 years ago
Obviously you guys ain't seen next week's news (03Oct2008) : "Credit Default Swaps".
Learn the words to "Buddy, can you spare a dime?" and prep for poverty, american friends!
flangelet 3 years ago
Thanks, Chicken Little...I'll make sure to remember your words.
thaibites 3 years ago
boy plunger at work again
skytoast1 3 years ago
STFU fear mongerer
shitsucksfag 3 years ago
All i've got to say, boys, is get ready. Save nickels, at home, not it banks. Buy Scotch, liquers, cigarettes, canned meats, anything you can trade on the black market. Learn to fish,hunt, and plant victory gardens. Most of all pray.
reginaDexant 3 years ago 2
Inflation in Australia is currently 5%. You're a f-cking idiot if you keep your money in cash and not in a deposit right now.
sabdow 3 years ago
I started as a runner on the NYSE floor in 1985 and met these two guys - still there almost 60 years later... Real characters... When Wall St. meant making more money, working less hard, and being more crooked, but at least being dapper about it, damnit....
dam2630 3 years ago 2
ornelas No it's not! A stocks value is set by the demand for the stock which is [usually] a reflection of how well the company is expected to do. But really what people who invest in stock care about is how well their investment is expected to do. If the owners of stock want to sell and no one wants to buy the value of the stocks plummet. There's no magic to it, when everyone saw a threat to their investments in the vulnerability of the stocks their confidence erroded and fear ruled the day.
IrreducibleParadox 4 years ago
A stock's value is primarily based on the forecast of the corporation's future profits. How is it possible for a massive market, the American market, to come to a halt, suddenly? Impossible, this was done artificially by men in power. Thereafter, the Federal Reserve implemented a deflation of the American currency and the Great Depression was well on its way.
ornelas3830 4 years ago
A stock's ACTUAL value is based on the operations of the underlying company... but stock prices are not. They're based on what someone thinks they can buy them for to make a profit later by selling.
Once people stop seeing the profit in the price, prices tumble. That's what we're seeing now.
Prices have LITTLE in common with companies and EVERYTHING to do with greedy people.
You don't play the stock market, do you? I do.
flangelet 3 years ago
The stock markets are highly inefficient, prices of stocks in the market do not reflect the true value of a company, often times inflated in price. It is more complex when one ties in the financial markets into the fraudelent Federal Reserve system. But currently, to answer your question, I am not playing the stock market; it is too volatile for me right now.
ornelas3830 3 years ago
I am. I have played the market for years & this is the craziest I've ever seen it and ever WISH to see it again!
I'm in the UK so whatever beef you have the FED, I don't really care a fig for, I am only interested in what directly affects me & my family. The usa seems to be circling the bowl and being between corrupt presidents doesn't help either!
All I know is companies with cash, no debt, income and secure future income are a QUARTER of the price of their breakup value! CRAZY!
flangelet 3 years ago
Jesse Livermore was wiped out by 1934, he committed suicide in 1940.
mkreisel 4 years ago
Amero here we come
xxxresistance 4 years ago 2
Gordon... Groucho... lol sounds like "gordon gecko"
You gotta write calls or buy puts when you buy a stock so if it crashes, you're still okay...
You should probably buy long term LEAPS so you can execute your put option at anytime within the 2-3 years if the stock crashes.
secretbonus 4 years ago
THEN... Rockefeller and the new world order bought up the banks on pennys on the dollar, now they're gonna do it agian. By the way,this led to Social Security, one more step towards getting us chipped.
procgtutorials 4 years ago 12
"THEN... Rockefeller and the new world order bought up the banks on pennys on the dollar" - proc
Well ,let`s do like Rockefeller then!! Jeeepers!!! I`m holding out till Fannie Mae hits 10 cents.
RideMyBMW 3 years ago 4
@procgtutorials if he would have done that rockefeller would have been way richer... havent you heard about that japanese guy who did that, he became billjionaire by just buying unterpriced tech stocks,...
dragonheadofthewest 11 months ago
did that guy who made more money than he ever had make it with futures or options?
dirtyepic1 4 years ago
He made it on the short.
cstarsoft2000 4 years ago
thanks, just wiki'd that
dirtyepic1 4 years ago