Now – There are approximately 8,000 listed issues on NYSE Euronext.
1823 – Fredriksen Lunde, my great, great-grandfather emigrates to the U.S. from Sweden. He passes on buying a seat at the NYSE as he feels capitalism is “a fad.”
Now – Every year, on the anniversary of his passing I visit his grave and throw lingonberries at the headstone.
1886 – The Exchange experiences its first million-share day on December 15th.
Now – NYSE Volume yesterday was 3,564,732,250.
1942 – A membership sells for $17,000, the lowest price in the twentieth century.
Now – Before going public the highest price paid for a NYSE seat was $4 million on December 1st, 2005
1952 – The NYSE, in its first shareholder census, finds that 6,490,000 Americans own common stock.
Now – Stock ownership peaked when 67% of Americans owned stock in 2001, and as of 2012 sits around 54%.
1974 – Trading hours are extended from 10:00am until 4:00pm.
Now – NYSE Arca pre-market 4:00 am to 9:30am EST. Regular NYSE trading until 4:00pm. Arca Extended Hours 4:00pm to 8:00pm EST.
1993 – Daimler-Benz AG becomes the first German listed company.
Now – 421 non-U.S. companies valued at $ 11.4 trillion trade on the NYSE.
1996 – NYSE listed company Oakley ($OO) misses earnings and massively gaps down, cutting my trading account in half. The stock never recovers.
Now – I only wear Ray Bans.
2001 – Decimal pricing of all NYSE stocks is fully implemented, ending the practice of trading in fractions used for two centuries.
Now – Pricing regularly goes six places past the decimal (i.e. $44.419900).
Now – I decline to buy $FB at its IPO and ridicule the stock as overvalued and “a fad.”
2052 – I am sent to the “home” after punching my adult grandson in the mouth when he asks “hey grandpa, why didn’t you buy $FB in the years before they bought $MSFT, $IBM, $AAPL, $BIDU, and $GE, becoming the biggest company in the universe?”
What bclund is, is the intersection of markets, trading, and life (with some punk rock, pop culture, and off-beat humor mixed in).
Brilliant stuff like this rains down like..well, rain, on my stream during the week. If you want to get wet, follow me on Twitter and StockTwits. You can also pick up my book Trading - The Best of the Best: Top Trading Tips For Our Times by clicking here.