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).