« The Blue Meanies Strike Back | Main | The Subprime Fallout »

Thirty-six years ago today, the National Association of Securities Dealers Automated Quotations was born.

On its first day, the index rose 0.84 to close at...100.84! The index reached its low close of 54.87 on October 3, 1974, and its high of 12.3 gazillion on March 10, 2000 (well, 5048.62).

Since 1971, the index has returned 9.34% a year, though not in a straight line.

Posted by edelfenbein at February 8, 2007 11:39 AM