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Chart of the Day
Over the past century, stocks have been where the money's at. This is especially true when compared to T-bonds, T-bills, and just plain sticking the money under the mattress. In constant 1900 dollars, a one-dollar stock market investment made in 1900 would be worth $709 today. Compare that to corporate bonds and T-bills, which would be only worth a little over $5 and $2 respectively. Then there are those fearful souls who placed the greenback under the mattress and watched its purchasing power slowly dwindle to less than a nickel!

Notes:
- All values have been adjusted for inflation.
- S&P 500 includes reinvested dividends.
- T-bonds and T-bills include reinvested interest payments.
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Quote of the Day
"You may ask me for anything you like except time." - Napoleon Bonaparte

Events of the Day
March 17, 2005 - St. Patrick's Day
March 20, 2005 - First day of Spring (Northern Hemisphere)
March 25, 2005 - Good Friday
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