FACT 01: WALL STREET
Wall Street is a not only a physical location in lower Manhattan, it is also a colloquial expression that can be used to describe the entire stock market. After all, it was on Wall Street where the NYSE was created its earliest form in 1792. A group of two dozen stockbrokers and store owners gathered under a buttonwood tree to create the Buttonwood Agreement, which gave them membership on the New York Stock Exchange. As part of that agreement, the Bank of New York was the first of five securities that began trading on the NYSE.
FACT 02: BEAR &BULL
Wall The terms “Bear” and “Bull” are thought to be originated from the way of attacking by each animal, with the bull thrusting its horn up in the air, while a bear swiping downwards. Historically, the middleman used to speculate on the future price of the bearskins by selling them which they yet had to receive from the tappers, with the expectation that the price will drop. They used to call the middleman as bear jobbers and in short “bears” which is known to describe the downturn in the market. As “bull ” was assumed to be opposite of the bear at that time so it was termed as the upward movement of the market.
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FACT 03: THE MOST EXPENSIVE STOCK
The most expensive stock in world is the Warren Buffet’s Hathaway, Class A, which is priced at USD 2,13,330 per share. The reason for such a high price is that the company doesn’t splits the shares.
A high share price, yielded by a lack of stock splits over the years, restricts liquidity and thus discourages transient or capricious trading. Instead, investors are forced to take an ownership perspective and treat Berkshire as their own. Warren Buffet too views owning stock as owning part of a company, so he wants to foster this mentality in his investors.
FACT 04: THE BIG BOARD
A nickname for the New York Stock Exchange (NYSE), located at 11 Wall Street, New York City. The New York Stock Exchange, or Big Board, is the oldest stock exchange in the United States. It is the world’s largest stock exchange, in terms of the market capitalization of its listed stocks. The NYSE originated in 1792 with the signing of the Buttonwood Agreement and acquired its current name in 1863.
FACT 05: SEASONAL IMPACTS ON MARKET
Historically, on an average the market declines mostly in the month of September. The three leading indicator DJIA (Dow Jones), S&P 500 (Standard and Poor) and NASDAQ have seemed to be performing poorly in this month. One of the reasons for this is that the trading volume declines in summer as the investors take time for vacation and once they return to work, they exit positions they had build up.
FACT 06: TRADING IN FRACTION
Till the year 2000, markets in US, London and Paris were trading on prices which were in fractions and not in decimals. But after year 2000, this changed and all these markets moved to decimals. This made it easier for an average investor to better understand the value of stocks. Before April 9, 2001, when the Securities and Exchange Commission ordered all U.S. stock markets to switch to the decimal system, prices were reported and stocks were denominated in fractions – in one-sixteenths (1/16), to be exact.
FACT 07: HIGHEST VOLUME DAY
The highest-volume day on the NYSE (New York Stock Exchange) was on January 4, 2001, when 2,129,445,637 shares traded. The lowest volume was on March 16, 1830, when only 31 shares traded.
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