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On this day in 2000, the New York Stock Exchange began trading in decimals, ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar. In theory, investors will benefit from lower trading costs, but cynics worry brokers will make more money than ever. The first to adopt decimal pricing: Anadarko Petroleum, FedEx, Forest City Enterprises, Gateway, Hughes Supply, and MSC Software.
And only 20 years after 32 bit computers were available. One wonders what the difference would have been if AI of today were available to adjust to capabilities. I guess, though, the AI would need to "want" to "see" improvements. I wonder what the track of interoperability of investment data feeds was, time-wise.
On this day in 1885, Gottlieb Daimler registers his “Reitwagen” (“riding carriage”) as German patent DRP No. 36423. With its wooden chassis and revolutionary gasoline-powered internal-combustion engine, the Reitwagen is the world’s first motorcycle–and the first mechanized vehicle for personal transport.
On this day in 1776, a committee led by Thomas Jefferson recommended to the Continental Congress that the U.S. create a basic unit of currency called the “dollar.”
On this day in 1981, SoftBank was established by Masayoshi Son, a Japanese entrepreneur who had recently returned from studying in California and who was convinced the era of the personal computer was nigh. Initially a software distributor, SoftBank became one of the world’s most influential technology investors.
On this day in 2012, stock in Facebook (now Meta Platforms) hit a record-low close of $17.73, valuing the fledgling social-media company at less than $38 billion. It's worth $1.9 trillion today.
On this day in 2000, Lehman Brothers strategist Jeffrey Applegate said: “We’re in the same bull market that got underway in October 1990.” He predicted that the Nasdaq Composite would finish the year at 4600. He only was off by 46%.
On this day in 1974, stocks tanked in reaction to President Gerald Ford's pardon of Richard Nixon amid fears it wouldn't bring full closure to the Watergate scandal. But it was a great time to buy: The Dow surged by 25% over the next year.
Comments
On this day in 2000, the New York Stock Exchange began trading in decimals,
ending the two-century-old practice of pricing stocks in increments of 1/8th of a dollar.
In theory, investors will benefit from lower trading costs, but cynics worry brokers will make
more money than ever. The first to adopt decimal pricing: Anadarko Petroleum,
FedEx, Forest City Enterprises, Gateway, Hughes Supply, and MSC Software.
On this day in 1885, Gottlieb Daimler registers his “Reitwagen” (“riding carriage”)
as German patent DRP No. 36423.
With its wooden chassis and revolutionary gasoline-powered internal-combustion engine,
the Reitwagen is the world’s first motorcycle–and the first mechanized vehicle for personal transport.
On this day in 1776, a committee led by Thomas Jefferson recommended
to the Continental Congress that the U.S. create a basic unit of currency called the “dollar.”
On this day in 1981, SoftBank was established by Masayoshi Son,
a Japanese entrepreneur who had recently returned from studying in California
and who was convinced the era of the personal computer was nigh.
Initially a software distributor, SoftBank became one of the world’s
most influential technology investors.
On this day in 2012, stock in Facebook (now Meta Platforms) hit a record-low close of $17.73,
valuing the fledgling social-media company at less than $38 billion.
It's worth $1.9 trillion today.
On this day in 2000, Lehman Brothers strategist Jeffrey Applegate said:
“We’re in the same bull market that got underway in October 1990.”
He predicted that the Nasdaq Composite would finish the year at 4600.
He only was off by 46%.
On this day in 1916, Congress passed the Revenue Act of 1916, creating the federal estate tax.
This would not surprise me in the least!
On this day in 1974, stocks tanked in reaction to President Gerald Ford's pardon
of Richard Nixon amid fears it wouldn't bring full closure to the Watergate scandal.
But it was a great time to buy: The Dow surged by 25% over the next year.