Historical Thought for the Day
January 29, 2010
Thought for the day:
Recession follows the boom the way sparrows used to follow the horse. –Nobel laureate in economics Paul Samuelson, "How I Became an Economist"
This day in financial history:
1997: The U.S. Treasury auctions off its first issue of inflation-indexed securities, finally enabling investors to hedge the risks of the escalating cost of living. Source: Daniel J. Fuss, portfolio manager, Loomis Sayles Bond Fund. 1999: Just six months after breaking the 2000 barrier, the NASDAQ Composite Index rises 28.55 points to close above 2500 for the first time, finishing the day at 2505.89. Source: www.nasdaq.com
Source: Jason Zweig
