Bull’s Last Stand
Little Big Horn Battlefield
On this day in 1876 several hundred men, led by an overly confident Lt Colonel George Armstrong Custer, U.S. Army, rode into an area in what is now southern Montana near the Little Big Horn river.
They engaged an Indian village there and grossly underestimated the strength of their opponent. They ran into several thousand, very unhappy Lakota Sioux and Cheyenne Indians.
In what is now known as Custer’s Last Stand, Lt. Colonel Custer and about 210 of his men, were completely overwhelmed and wiped out.
In the mid-1980s I read a very detailed account of this event in a book called “Son of the Morning Star: Custer and the Little Big Horn” by Evan S. Connell. It was very good.
Bull’s Last Stand
As I thought about Custer’s Last Stand, I thought about the stock market this week and the events surrounding the “Brexit” vote in the UK. I wondered if the market’s eruption in bullish enthusiasm on Thursday, might have been the bull’s last stand. Continue reading
