• Thought of the Day

    Thought of the Day

    2000: We might hope to see the finances of the Union as clear and intelligible as a merchants books, so that every member of Congress, and every man of any mind in the Union, should be able to comprehend them to investigate abuses, and consequently to control them.

    –Thomas Jefferson, letter to Secretary of the Treasury Albert Gallatin, April 1, 1802, in The Life and Selected Writings of Thomas Jefferson (ed. Adrienne Koch and William Peden, Modern Library, New York, 1944), p. 566.

Today in Financial History

1982: As a bull market suddenly materializes out of nowhere, daily trading volume on the New York Stock Exchange exceeds 100 million shares for the first time, with 132,681,120 shares changing hands.

New York Stock Exchange flyer, "Key Dates in the History of the New York Stock Exchange," 1992