s&p500 Index natal

[Guest guest]

I am disappointed that even on astro no one seems to have the natal data of the world's most traded Index.

 

Well i've had some progress. Found this book:

"Stocks for the Long Run" by Jeremy J Siegel.

2nd Edition

 

page60 Professor Siegel writes:

"In 1939, Alfred Cowles, founder of the Cowles Foundation for economic Research, constructed a stock index back to 1871 that consisted of all stocks listed on the New York Stock Exchange.....

 

The Cowles index became the basis of what is currently the most important benchmark among portfolio analysts, the Standard & Poor's, or S & P 500 Index.......

 

continues page 61....

The Standard & Poor's stock price index was inaugurated on March 4, 1957. ........

 

The S & P 500 Index was calculated back to 1926, although for many years before 1957 the index did not contain 500 stocks.... "

 

end quote.

 

I also found this other book: "How to Buy Stocks" by Louis Engel & Brendan Boyd 7th edition 1983

on page 186 it says:

"... For many years, Standard & Poor had published other indexes - a 90stock daily index and a 480stock weekly index - but it wasn't until 1957, when high-speed computers made more comprehensive indexes possible on an hourly basis, that Standard & Poor decided to lock horns decisively with Dow Jones."

 

Now onto the s & p site:

http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/IndicesIndexPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=56 & si=138 & xcd=500

 

it says:

 

The history of the S & P 500 dates back to 1923, when Standard and Poor's introduced an index covering 233 companies. The index, as it is known today, was introduced in 1957 when it was expanded to include 500 companies.

[on page 188 ".... The NASDAQ Composite Index was introduced on February 5, 1971."]

 

all very confusing but if sp500 was there in 1920's then the Master would have said so in TTTA !

 

A little bit on the Dow:

On page 55 of the above book, Professor Siegel writes:

" Charles Dow, one of the founders of Dow Jones & Co., which also publishes The Wall Street Journal, created the Dow-Jones averages in the late 19th century. On February 16, 1885, he began publishing a daily average of 12 stocks (10 rails and 2 industrials) that represented active and highly capitalised stocks. Four years later, Dow published a daily average based on 20 stocks - 18 rails and 2 industrials.

As industrial and manufacturing firms succeeded railroads in importance, the Dow Industrial average was created on May 26, 1896 from the 12 stocks.....

..... The old index created in 1889 was reconstituted and renamed Rail average on October 26, 1896. In 1916, the Industrial average was increased to 20 stocks and in 1928 the number was expanded to 30. The Rail Average, whose name was changed in 1970 to Transportation Average, is comprised of 20 stocks, as it has been for over a century."

 

end quote.

 

cheers

prem

 

 

ski woka <skiwoka wrote:

 

has anyone succeeded in rectifying S & P500 Index NOT futures?

I'm still struggling with these 2 dates:

1 March 1957 10am 73w57 40n45 GMT-5

4 March 1957 9:30am 73456'38" 40n45 GMT-5

has anyone got any ohter date for the CASH INDEX please ?

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