Wall Street Lays An Egg Wall Street Lays An Egg Wall Street Lays An Egg describes a headline printed in "Variety", a newspaper covering Hollywood and the entertainment industry, on October 30, 1929, over an article describing Black Tuesday, the height of the panic known as the Wall Street Crash of 1929 (the actual headline text was WALL ST. LAYS AN EGG). It is one of the most famous headlines ever to appear in an American publication and continues to be noted in history books into the 21st century. "Laying an egg" is an American idiom, current particularly in 20th century show business, meaning "failing
Wall Street office vacancy rates downtown which were "persistently high" and with some buildings "standing empty". The day of the stock market drop, October 20, was marked by "stony-faced traders whose sense of humor had abandoned them and in the exhaustion of stock exchange employees struggling to maintain orderly trading". Ironically, it was the same year that Oliver Stone's movie "Wall Street" appeared. In 1995, city authorities offered the "Lower Manhattan Revitalization Plan" which offered incentives to convert commercial properties to residential use. Construction of the World Trade Center began in 1966 but had trouble attracting tenants when completed. Nonetheless, some substantial