Speed-addicted traders dominate today's stock market Los Angeles Times Take a look at an interesting article we found.
Stocks Turn Upward At The Close Forbes Take a look at an interesting article we found.
Cutthroat competition will weaken value of NYSE Euronext stock Boston Herald Take a look at an interesting article we found.
We like to think of Peterman’s Eye as an old fashioned interactive community newspaper (if there is such a thing) focused on travel and curiosities. Talk with us about today’s post. Tell us about the places you’ve been. Or take a trip using J. Peterman’s exclusive travel services (coming soon). Read more...
May 20, 2010
Yes, it sure will.
How can we go wrong if we listen to sage advice like this, from financial legend J.P. Morgan, who was asked how the stock market would perform.
The New York Stock Exchange was formed this week in 1792 when two dozen stockbrokers from New York City had the idea to organize what was then a disorganized and chaotic method of stock trading.
(As opposed to the more organized, disorganized and chaotic method of stock trading today.)
From those humble beginnings, trading on a concept that dates back to the middle ages, the NYSE continues to grow, merging into a transatlantic behemoth, and today lists 2,800 companies with a total capitalization of nearly $20 trillion.
They’ve been in their Exchange building at 18 Broad Street since 1903, designated an historical landmark, with its six massive Corinthian columns that impart a feeling of substance and stability.
Speaking of stability, investors have asked why we need stocks, after some of the more painful Black Fridays, Morbid Mondays, Terrible Tuesdays of stock market history.
Because we need them, according to The New York Stock Exchange:
“The stock market is vital to a country because it ensures expedient access to capital for thousands of companies that would otherwise have a much harder time funding operations, and it allows millions of small investors to participate in the profits of the companies they own.”
Yet, it is easy for stockholders to be skeptical over the last decade since they're the ones hurt the most by scandals at Enron, Tyco, WorldCom, Parmalat and, well, I have to leave room for something else.
It's painfully clear, as we watch shares evaporate, that there still isn't adequate shareholder protection. Even though regulators, always one step ahead, are looking for ways to prevent a repeat of the recent mysterious stock market meltdown.
Still, investing in America can still be rewarding.
We, as stockholders, are granted special privileges, depending on the class of stock, which may include, the right to vote on elections, to propose shareholder resolutions and the right to new share issues by the company.
And as Oscar Wilde said, "With an evening coat and a white tie, anybody, even a stockbroker, can gain a reputation for being civilized.”
The experts say:
Do your homework. Don’t listen to experts like experts. Or babies. Don't get greedy. Don't panic. Don't buy on margin. Close your eyes...get a dartboard.
So...heard any hot tips lately?
The Difference Between Stocks and Bonds russellbailyn.com/ Take a look at an interesting article we found.
Black Friday investopedia.com Take a look at an interesting article we found.
History of the New York Stock Exchange nyse.com Take a look at an interesting article we found.
Best Investment Movie?