Bull, bear or bust.
Greetings Infomaniacs,
With all of the financial and economic scares over the last
few months everybody has been talking about what the “market”
has been doing or will be doing. But what is the market?
Let’s take a few minutes to learn some interesting facts
about the foundation of the modern economy!
Enjoy!
Melissa
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TODAY’S MYSTERY QUOTE
QUOTE: “Too often our Washington reflex is to discover a
problem and then throw money at it, hoping it will somehow
go away.”
HINT: This U.S. Representative and later Senator from New
York was also a diplomat representing the United States as
ambassador to India and Israel. He is probably most famous
for the above quote!
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The Stock Market
New York Stock Exchange (NYSE) was founded in 1792 on Wall
Street in New York City. It is the largest stock exchange
in the world by dollar value.
***
The first publicly traded security in the U.S. consisted of
$80 million in U.S. Government bonds that were issued in
1790 to refinance Revolutionary War debt.
***
The Dow Jones Industrial Average is an index of the stock
prices of 30 of the largest and most widely held public
companies in the United States and is compiled to gauge
the performance of the industrial sector of the American
stock market.
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A bull market tends to be associated with increasing
investor confidence, motivating investors to buy in antici-
pation of future price increases and future capital gains.
A bear market is a steady drop in the stock market over a
period of time.
***
There have been a number of famous stock market crashes like
the Wall Street Crash of 1929, the stock market crash of
1973–4, the Black Monday of 1987, the Dot-com bubble of 2000.
***
In short selling, the trader borrows stock then sells it
on the market, hoping for the price to fall. The trader
eventually buys back the stock, making money if the price
fell in the meantime or losing money if it rose.
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Timesaver Key Holder with Built-In Clock & Voice Record Memo
This is sure to help organize your life…
List Price: $29.99
DEAL PRICE: $12.99
Get two pair for $19.98
There are so many features (see below) but my favorite has
to be the Voice Memo. How cool is it to be able to leave a
message for your kid or spouse reminding them of something
as they grab their keys to leave?
With no effort at all it easily attaches to your refrigerator
with super-strength magnets or use the slots on back to hang
on any wall.
FEATURES:
- Magnetic Key Holders and Color Coded Key Chains for Easy Access
- Displays The Day & Time
- Displays the Indoor Temperature
- Alarm Function with 8 Tones to Choose From
- Countdown Time Function
- Voice Message System (Flashing green light indicates a message)
- Measures: 8.27″x.83″x3.94″
Grab one for $12.99 or get two for $19.98. They make a fabulous
housewarming gift. Visit:
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*** Weekly Mind-Scrambler ***
Four people are sitting around a campfire after a long day
of recreation when one man comments: “Do you realize that
around this campfire the four of us include a mother father
brother sister son daughter niece nephew aunt uncle and a
couple cousins?” If everyone is related by blood (with no
unusual marriages) how is this possible?
Submit your answer by visiting:
<a href=” http://www.thedailytease.com “>www.thedailytease.com</a>
Answer will be posted in Friday’s Trivia Today. Good Luck!
If your name appears in Friday’s newsletter,
email me your complete name and address and I will ship
your prize. Be sure to put “Winner” in the subject line.
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QUOTE: “Too often our Washington reflex is to discover a
problem and then throw money at it, hoping it will somehow
go away.”
ANSWER: Kenneth Keating
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END OF TRIVIA TODAY
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