Printable files of this report accompanied by our forecast are available only to paid subscribers. Wednesday, Feb. The Crash of came on the heels of a spectacular stock bull market that started in that was fueled by a supercharged business environment that included hostile takeovers, leveraged buyouts and merger mania.

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The next monthly close was 2. In , a rogue trader named Nick Leeson single-handedly bankrupted the bank that financed the Napoleonic Wars, Louisiana Purchase and the Erie Canal.