If “legendary Wall Street figure” ever described anyone, it was turn-of-the-last-century financier J.P. Morgan. You can throw in “bigger than life” to boot.
Morgan was used to getting his way. His steely eyes cast a “ferocious glare.” His bulbous nose added to his imposing presence.
Beyond appearance and persona, Morgan was a one-man central bank. Historians credit him with bringing calm — and loads of liquidity — to the “Panic of 1907.”
This
article was syndicated by Elliott Wave International and
was originally published under the headline Those Steely-Eyes of J.P. Morgan: Could They Help Us Today?.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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