The longest recession of the post World War II period now has an end date.
The National Bureau of Economic Research announced September 20, 2010 that the downturn that started in December 2007 ended in June of last year. The 18 month contraction was longer than the 1973-1975 and 1981-1982 recessions.
The technical indicator of a "recession" is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)
A "pull back" is a near term price decline of less than 10%
A "correction" is a temporary price decline of at least 10%
A "Bear market" is a downturn of 20% or more in multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) or Standard & Poor's 500 Index (S&P 500), over at least a two-month period, is considered an entry into a bear market.
Monday, September 20, 2010
Tuesday, September 14, 2010
STOCK TICKER HISTORY
The stock ticker evolved from telegraph technology. Many inventors of the 19th-century such as Thomas Edison and Alexander Graham Bell got their start as telegraph operators. Their experience as telegraphers provided them with a good understanding of the principles of electricity, electromagnets, mechanical devices, and machining tools. Stock ticker machines are an ancestor of the modern computer printer, being one of the first applications of transmitting text over a wire to a printing device.
In 1867, Mr. Edward A. Calahan of the American Telegraph Company invented the first stock telegraph printing instrument. It was Calahan's idea that stock prices could be provided through some form of telegraphy. The distinct sound of the telegraph printing instrument eventually earned it the name of the stock ticker.
Eventually Edison's evolving improvements in stock ticker technology resulted in the introduction of the Universal Stock Ticker in 1869, had an alphanumeric printing speed of approximately 1 character per second. For this and some related inventions Edison was paid $40,000. The Universal was highly dependable and was produced in high volume. At least 5,000 of these devices were produced and this machine was in service delivering stock quotes up to the the crash in 1929. The Universal Stock Ticker was Edison's first commercial success and established him with Wall Street connections that would fund development at his Menlo Park laboratory, as well as funding many of his greatest inventions, including the incandescent electric light bulb.
The self winding stock ticker was in use in 1870. It was used for about eighty years for receiving stock and commodity quotations from the nation's leading exchanges. The self-winding device is the image one generally imagines when referring to a stock ticker. One of the manufacturing vendors in the early 1900s was Thomas Edison's West Orange, New Jersey, plant, current site of the Edison National Historic Site. These "Western Union" self-winding tickers are sometimes mistakenly thought to be invented by Thomas Edison because they were manufactured at his plant. In reality, it is doubtful that Edison had any involvement with Western Union's self-winding ticker.
During World War II many of the Universal and self-winding tickers were scrapped for metal or sold off to businesses in South America. In 1960, Western Union ordered all remaining tickers destroyed.
In 1867, Mr. Edward A. Calahan of the American Telegraph Company invented the first stock telegraph printing instrument. It was Calahan's idea that stock prices could be provided through some form of telegraphy. The distinct sound of the telegraph printing instrument eventually earned it the name of the stock ticker.
Eventually Edison's evolving improvements in stock ticker technology resulted in the introduction of the Universal Stock Ticker in 1869, had an alphanumeric printing speed of approximately 1 character per second. For this and some related inventions Edison was paid $40,000. The Universal was highly dependable and was produced in high volume. At least 5,000 of these devices were produced and this machine was in service delivering stock quotes up to the the crash in 1929. The Universal Stock Ticker was Edison's first commercial success and established him with Wall Street connections that would fund development at his Menlo Park laboratory, as well as funding many of his greatest inventions, including the incandescent electric light bulb.
The self winding stock ticker was in use in 1870. It was used for about eighty years for receiving stock and commodity quotations from the nation's leading exchanges. The self-winding device is the image one generally imagines when referring to a stock ticker. One of the manufacturing vendors in the early 1900s was Thomas Edison's West Orange, New Jersey, plant, current site of the Edison National Historic Site. These "Western Union" self-winding tickers are sometimes mistakenly thought to be invented by Thomas Edison because they were manufactured at his plant. In reality, it is doubtful that Edison had any involvement with Western Union's self-winding ticker.
During World War II many of the Universal and self-winding tickers were scrapped for metal or sold off to businesses in South America. In 1960, Western Union ordered all remaining tickers destroyed.
Wednesday, September 1, 2010
INTERNATIONAL ETFs
All 20 International ETFs were positive this morning.
EWA,EWC,EWD,EWG,EWH,EWI,EWJ,EWK,EWL,EWM,EWN,EWO,EWP,EWQ,EWS,EWT,EWU,EWW,EWY,EWZ
SORT BY SYMBOL:
EWA AUSTRALIA
EWC CANADA
EWD SWEDEN
EWG GERMANY
EWH HONG KONG
EWI ITALY
EWJ JAPAN
EWK BELGIUM
EWL SWITZERLAND
EWM MALASIA
EWN NETHERLANDS
EWO AUSTRIA
EWP SPAIN
EWQ FRANCE
EWS SINGAPORE
EWT TAIWAN
EWU UNITED KINGDOM
EWW MEXICO
EWY SOUTH KOREA
EWZ BRAZIL
SORT BY COUNTRY:
EWA AUSTRALIA
EWO AUSTRIA
EWK BELGIUM
EWZ BRAZIL
EWC CANADA
EWQ FRANCE
EWG GERMANY
EWH HONG KONG
EWI ITALY
EWJ JAPAN
EWM MALASIA
EWW MEXICO
EWN NETHERLANDS
EWS SINGAPORE
EWY SOUTH KOREA
EWP SPAIN
EWD SWEDEN
EWL SWITZERLAND
EWT TAIWAN
EWU UNITED KINGDOM
EWA,EWC,EWD,EWG,EWH,EWI,EWJ,EWK,EWL,EWM,EWN,EWO,EWP,EWQ,EWS,EWT,EWU,EWW,EWY,EWZ
SORT BY SYMBOL:
EWA AUSTRALIA
EWC CANADA
EWD SWEDEN
EWG GERMANY
EWH HONG KONG
EWI ITALY
EWJ JAPAN
EWK BELGIUM
EWL SWITZERLAND
EWM MALASIA
EWN NETHERLANDS
EWO AUSTRIA
EWP SPAIN
EWQ FRANCE
EWS SINGAPORE
EWT TAIWAN
EWU UNITED KINGDOM
EWW MEXICO
EWY SOUTH KOREA
EWZ BRAZIL
SORT BY COUNTRY:
EWA AUSTRALIA
EWO AUSTRIA
EWK BELGIUM
EWZ BRAZIL
EWC CANADA
EWQ FRANCE
EWG GERMANY
EWH HONG KONG
EWI ITALY
EWJ JAPAN
EWM MALASIA
EWW MEXICO
EWN NETHERLANDS
EWS SINGAPORE
EWY SOUTH KOREA
EWP SPAIN
EWD SWEDEN
EWL SWITZERLAND
EWT TAIWAN
EWU UNITED KINGDOM
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