This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

US Navy Celebrates 238 Years This Month in Rough Seas

U.S. Attorneys have an incredibly high batting average, and charges almost always result in a conviction. In light of a high-ranking officer's career being on the line, I imagine an even greater amount of confidence was required by prosecutors before the decision to pull the trigger was made.

This month, the Navy celebrates 238 years since the original Continental Navy sailed and fired cannons at His Majesty's Ships. After the Revolutionary War ended, the U.S. decommissioned and sold the few Navy ships in service, and it took almost 10 years and losses from piracy to bring the Navy out of retirement.

The piracy response included three wooden-hulled frigates. Amazingly, one of original ships, the USS Constitution remains in active duty to this day. The movie Captain Phillips is a reminder the more things change, the more they stay the same. In 212 years since the U.S.-flagged ships sailed to halt piracy, the officers and sailors continue to protect our nation's interests.

Because of their dedication, we can focus on celebrating the Navy's birthday even with an occasional stormy sky. I'm sure it will be "haze gray and underway" for another 238 years.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TSLA $205.76 -0.50%
YHOO $45.10 1.50%
AAPL $127.93 2.50%
FB $84.27 4.30%
GOOG $537.55 2.60%

Markets

DOW 18,097.62 +62.69 0.35%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs