• Thought of the Day

    Thought of the Day

    2000: Not until we are completely lost, or turned round, –for a man needs only to be turned round once with his eyes shut in this world to be lost, –do we appreciate the vastness and strangeness of Nature.

    –Henry David Thoreau, Walden (Charles E. Merrill Publishing Co., Columbus, Ohio, 1969), p. 185.

Today in Financial History

2000: The NASDAQ Composite Index closes above 5000 for the first time, finishing the day at 5046.86, up 149.60 — a mere 48 trading days after breaking through the 4000 barrier. Famed technical analyst Ralph Acampora of Prudential Securities predicts that the NASDAQ will hit 6000 in 12 to 18 months. One year after his prediction, NASDAQ has lost 59% and has shriveled to 2052.78.

The Wall Street Journal, March 10, 2000, p. C1;Money, June, 2001, p. 35

1929: Just in time to suffer through the worst depression in modern history, the forerunner of the Buenos Aires Stock Exchange is established.

Museum of American Financial History