how did j p morgan influence jesse l livermore 
during the panic of 1907 livermore made 1 million on short positions in one day when the renowned banker j p morgan urged him to close his shorts for the good of the country livermore did livermore would then net an additional 3 million on the market rebound the bottom linejesse l livermore s rise from board boy to wall street legend remains a lesson to investors today his experiences are a historical record of unregulated stock trading in the early 20th century 