This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

A look back in history today, as we see Jesse Livermore in a verbal pugilistic match with John Pierpont Jr. over the market conditions of the day in 1907:

Livermore banked $3,000,000 that day when he covered his shorts (and I don’t mean breeches).

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com