• Thought of the Day

    Thought of the Day

    2000: The future aint what it used to be.

    –Yogi Berra, The Yogi Book (New York: Workman, 1998), p. 118.

Today in Financial History

1998: The Dow Jones Industrial Average loses 512.61 points, its second-worst point drop ever (but not even in the top 20 losses by percentage). The front page of The New York Post screams: KISS YOUR ASSETS GOODBYE! By yearend, the Dow is 21.8% higher.

The New York Post, September 1, 1998, p. 1;Yale Hirsch, 2000 Stock Trader's Almanac (Hirsch Organization, Old Tappan, NJ, 1999), pp. 149, 154

1887: Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera.