re: On this date in 1987, the Dow Jones Industrial Average, for the first time ever, closed...

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Your teacher lied to you.

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The death of retired businessman Vernon Lamberg, 58, of Appleton, is at least the third linked to the volatile stock market.

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Lamberg, retired president of Appleton Machine Co., was found dead Friday morning at Brock's Motel in Wautoma, located about 80 miles northwest of Milwaukee, two days after he was reported missing. A sheriff's report said he was 'very despondent over the stock market situation.'

Lamberg asphyxiated himself by breaking the line to the liquid petroleum furnace to his motel room, said Waushara County Coroner Roland Handel Sr.

'He had been dead eight to 10 hours when we found him,' Handel said. 'He had checked in a day or two earlier.'

Lamberg, described by friends as an astute businessman, lost an estimated $500,000 when the Dow Jones industrial average plummeted a record 508 points Oct. 19, the largest single drop in Wall Street history, a source told The Milwaukee Sentinel in a published report Tuesday.

'He considered himself to be an expert,' said the source, who asked that his name not be made public.

'He exposed himself to too much risk, and he got caught. He got caught in the worst market day in the history of this country,' the source said.

The source told the paper that the breaking point for Lamberg was when his broker asked for $200,000 more collateral to back up loans Lamberg had taken from the broker for future investments.

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