Thirty years ago today, October 19, 1987, the Dow Jones Industrial Average crashed with a whopping 22.6% decline in prices, the second biggest one day drop in the market (the biggest was in 1914). I was a young lawyer working at a large law firm...
If you don't know what the headline means, maybe just skip this one. Otherwise read on! Last week, the SEC approved a rule change that shortens the typical settlement period for public trading through brokers (known as "T+" for "trading plus") to two business days...
What a ride it's been. In March 2009 at the nadir of the last bear market, the Dow Jones Industrial Average hit 6547, the lowest it had been in 12 years. Today the Dow hit 20,000 for the first time. So if you invested at...