- Designated market making alive and well at NYSE – Traders 
- Capital markets year-end review – Scott Cutler/Exchanges 
- Select Income REIT files for IPO of up to $230 million – RTT 
- Provident Bank’s parent switching soon to NYSE – Times Herald Record 
- Energy IPOs poised to heat up in 2012 – TheStreet.com 
- High-speed trading rules loom in Europe – FT 
- Ringing the NYSE bell to honor women in financial services and insurance – Insurance News ; CAFNR News 
- Morning report: December 23, 2011 – Parasnand Madho/Exchanges 
- Markets higher; closing news 12/22/11 – Brian Hooghuis/Exchanges 
- Which markets close early today? – MarketWatch 
- Scenes from a trading floor, “Nutcracker” edition -- EPA 
Today’s History – NYT :
- On Dec. 23, 1867, Sarah Breedlove Walker, the American businesswoman and philanthropist considered to be the first black female millionaire, was born. Following her death on May 25, 1919, her brief obituary appeared in The Times. You should read it. It starts with this:
“Mrs. C. J. Walker, known as New York's wealthiest negress, having accumulated a fortune from the sale of so-called anti-kink hair tonic and from real estate investments in the last fourteen years, died yesterday morning at her country estate at Irvington-on-Hudson. She was proprietor of the Madame Walker hair dressing parlors at 108 West 136th Street and other places in the city. Her death recalled the unusual story of how she rose in twelve years from a washerwoman making only $1.50 a day to a position of wealth and influence among members of her race.
“Estimates of Mrs. Walker's fortune had run up to $1,000,000. She said herself two years ago that she was not yet a millionaire, but hoped to be some time, not that she wanted the money for herself, but for the good she could do with it. She spent $10,000 every year for the education of young negro men and women in Southern colleges and sent six youths to Tuskegee Institute every year. She recently gave $5,000 to the National Conference on Lynching. …”
Thus starts a glimpse of a remarkable life, in a different time.
- Today also is the birthday of football Hall of Famer Paul Hornung of the then- and current-champion Green Bay Packers (76); Jorma Kaukonen of Jefferson Airplane and Hot Tuna (71) and Eddie Vedder of Pearl Jam (48).
In the coming week, your humble blogger will be focusing on over-doing the eggnog, and so posting here will be light. Best wishes to all this holiday season, and I hope we have a peaceful and prosperous new year.