Another month, another volume record

By: Ray Pellecchia

File Under: ETFs / Indexes, Liffe derivatives, NYSE, Options

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I'm sure you're shocked -- shocked! -- to see that trading volume on NYSE Euronext markets climbed to record levels again in August. Here's our news release on the subject.

If you *are* surprised, you really oughtta call in more when you're on vacation.

Who knows what September will bring. May it be more of the same, and all in your direction.

I'm meetinged out today (is that the term for two many meetings?). So I'll keep this short.

Except, of course, for your Friday dose of Exchanges historical trivia:

Today in NYSE History (NYSE.com):
07 Sep 1899 -- Bernard M. Baruch became a member of the NYSE.

Baruch (1870-1965), also was a prominent financier, statesman, and adviser to presidents Woodrow Wilson and Franklin D. Roosevelt. I came across a site called BrainyQuote.com that attributes 47 quotes to Baruch, some of them very familiar, all of them witty, provocative or insightful. Here's a sampling; enjoy.

Nobody ever lost money taking a profit.

If all you have is a hammer, everything looks like a nail.

Age is only a number, a cipher for the records. A man can't retire his experience. He must use it. Experience achieves more with less energy and time.

Always do one thing less than you think you can do.

Don't try to buy at the bottom and sell at the top. It can't be done except by liars.

During my eighty-seven years I have witnessed a whole succession of technological revolutions. But none of them has done away with the need for character in the individual or the ability to think.

Every man has a right to his opinion, but no man has a right to be wrong in his facts.

I made my money by selling too soon.

Millions saw the apple fall, but Newton was the one who asked why.

Most of the successful people I've known are the ones who do more listening than talking.

Never follow the crowd.

No man should think himself a zero, and think he can do nothing about the state of the world.

Only as you do know yourself can your brain serve you as a sharp and efficient tool. Know your own failings, passions, and prejudices so you can separate them from what you see.

The ability to express an idea is well nigh as important as the idea itself.

The greatest blessing of our democracy is freedom. But in the last analysis, our only freedom is the freedom to discipline ourselves.

The main purpose of the stock market is to make fools of as many men as possible.

There are no such things as incurable, there are only things for which man has not found a cure.

There is something about inside information which seems to paralyze a man's reasoning powers.

Two things are bad for the heart - running up stairs and running down people.

Vote for the man who promises least; he'll be the least disappointing.

We can't cross that bridge until we come to it, but I always like to lay down a pontoon ahead of time.

We did not all come over on the same ship, but we are all in the same boat.
We grow neither better or worse as we get old, but more like ourselves.

Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought.

When good news about the market hits the front page of the New York Times, sell.

You can overcome anything if you don't bellyache.

You can talk about capitalism and communism and all that sort of thing, but the important thing is the struggle everybody is engaged in to get better living conditions, and they are not interested too much in government.

The art of living lies not in eliminating but in growing with troubles.

Tags: New York Stock Exchange, trading volume, NYSE, Bernard Baruch,
NYX, NYSE Euronext