Warren Buffett's top 10 rules for success
Understanding short selling (Wall street survivor)
How the stock exchange works (For dummies)
The Stock Market (Modern Marvels)
Offers a place to buy ownership of shares
Offers a place to sell ownership of shares
Shares of capital for projects or voyages started in ancient Greece
Shares of ownership started in Holland
Shares may gain or loose value overtime
Street auctions (Wall Street) under a buttonwood tree started in the early colonies
1792 created the stock exchanges indoors initially had 30 companies
Westward expansion and technology changed the stock market
Bull and Bear markets
Bulls were brokers that expected a raise in the stock market
Bears were traders that expected a drop in the stock market
Hetty Green buy low sell high, be smart, and be persistent
1865 stock market relocated to the corner of Wall and Broad
The telegraph was was a game changer
The devil of wall street (Gould) was a manipulator using short sale
1920 the American stock exchange was established by was very private
The Wall Street Journal created tools for predicting the stock market such as the DOW.
JP Morgan was the first multi billionaire by creating American Steel 1901 and a monopoly on the railroads.
He was popular with some and hated by others. JP Morgan was bombed in the 1920s.
Credit given out by Wall Street was creating an unstable economy.
1924 Wall Market started to declined for the next 3 months. Liquidation sales of stocks started. Stock Market crashed causing people to stop spending resulting which resulted in the Great Depression.
Roosevelt was elected and created sweeping reforms of stock market including the SEC and prevented banks from investing people's money in speculative stocks.
Richard Whitney was convicted of embezzlement.
WWII helped the stock market recover
1930-1950 Wall street was pretty distrusted and remained dormant
The computer revolution of Wall Street, when face to face interaction was no longer needed.
The face of wall street became the average joe.
The company was founded in 1882 by three reporters: Charles Dow, Edward Jones, and Charles Bergstresser. Dow Jones was acquired in 1902 by Clarence Barron, the leading financial journalist of the day, after the death of co-founder Charles Dow. Upon Barron's death in 1928, control of the company passed to his stepdaughters Jane and Martha Bancroft. The company was led by the Bancroft family, which effectively controlled 64% of all voting stock, until 2007 when an extended takeover battle saw News Corporation acquire the business.
The company became a subsidiary of News Corporation after an extended takeover bid during 2007. It was reported on August 1, 2007 that the bid had been successful after an extended period of uncertainty about shareholder agreement. The transaction was completed on December 13, 2007. It was worth US$5 billion or $60 a share, giving News Corp control of The Wall Street Journal and ending the Bancroft family's 105 years of ownership. In 2010, the company sold 90% of Dow Jones Indexes to the CME Group, including the Dow Jones Industrial Average.
The Dow Jones Composite Average is a stock index from Dow Jones Indexes that tracks 65 prominent companies. The average's components are every stock from the Dow Jones Industrial Average, the Dow Jones Transportation Average, and the Dow Jones Utility Average.
S & P 500
The "Composite Index", as the S&P 500 was first called when it introduced its first stock index in 1923, began tracking a small number of stocks. Three years later in 1926, the Composite Index expanded to 90 stocks and then in 1957 it expanded to its current 500. Standard & Poor's, a company that doles out financial information and analysis, was founded in 1860 by Henry Varnum Poor. In 1941 Poor's Publishing (Henry Varnum Poor's original company) merged with Standard Statistics (founded in 1906 as the Standard Statistics Bureau) and therein assumed the name Standard and Poor's Corporation. The S&P 500 index in its present form began on March 4, 1957. Technology has allowed the index to be calculated and disseminated in real time. The S&P 500 is widely used as a measure of the general level of stock prices, as it includes both growth stocks and value stocks.
In September 1962, Ultronic Systems Corp. entered into an agreement with Standard and Poor's. Under the terms of this agreement, Ultronics computed the S&P 500 Stock Composite Index, the 425 Stock Industrial Index, the 50 Stock Utility Index, and the 25 Stock Rail Index. Throughout the market day these statistics were furnished to Standard & Poor's. In addition, Ultronics also computed and reported the 94 S&P sub-indexes.
The committee selects the companies in the S&P 500 so they are representative of the industries in the United States economy. In order to be added to the index, a company must satisfy these liquidity-based size requirements:
When it was founded, NASDAQ stood for the acronym of "National Association of Securities Dealers Automated Quotations". NASDAQ was founded in 1971 by the National Association of Securities Dealers (NASD), which divested itself of NASDAQ in a series of sales in 2000 and 2001. The Nasdaq Stock Market is owned and operated by Nasdaq, Inc., the stocks of which were listed on its own stock exchange marketing July 2, 2002, under the ticker symbol NDAQ.
When the Nasdaq Stock Market began trading on February 8, 1971, it was the world's first electronic stock market. At first, it was merely a quotation system and did not provide a way to perform electronic trades. The Nasdaq Stock Market helped lower the spread (the difference between the bid price and the ask price of the stock) but was unpopular among brokerages which made much of their money on the spread. The Nasdaq Stock Market eventually assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading, although there are still many securities traded in this fashion. As late as 1987, the NASDAQ exchange was still commonly referred to as "OTC" in media and also in the monthly Stock Guides (stock guides and prodecures) issued by Standard & Poor's Corporation.
Over the years, the Nasdaq Stock Market became more of a stock market by adding trade and volume reporting and automated trading systems. It was also the first stock market in the United States to start trading online, highlighting Nasdaq-traded companies and closing with the declaration that the Nasdaq Stock Market is "the stock market for the next hundred years". The Nasdaq Stock Market attracted new growth companies such as Microsoft, Apple, Cisco, Oracle and Dell and helped modernize the IPO. Its main index is the NASDAQ Composite, which has been published since its inception. However, its exchange-traded fund tracks the large-cap NASDAQ-100 index, which was introduced in 1985 alongside the NASDAQ 100 Financial Index tracks the largest 100 companies in terms of market capitalization.