• Thought of the Day

    Thought of the Day

    2000: The echo is stronger than the deed.

    –Karl Kraus, In These Great Times (ed. Harry Zohn, Carcanet Press, Manchester, UK, 1984), p. 77.

Today in Financial History

1893: The terrible Panic of 1893 reaches its low point. With almost one-quarter of the nation's railroads heading into bankruptcy, the directors of the NYSE nearly close down the exchange.

Walter Werner and Steven Smith, Wall Street (Columbia University Press, New York, 1991), p. 280.