President Nixon: Yep.
Peter M. Flanigan: Yes, sir.
President Nixon: Hope you noted the Dow went to 932 today.
Flanigan: [laughing] Well, I'm just going to have to get out of this business and take your advice—
President Nixon: Yeah.
Flanigan: —every time I hear you make a prediction from now on.
President Nixon: Let me just suggest, though, that this is now a time for fellows like Regan and Lasker and a few others—they ought to be calling in to us and saying well, you know—just tell ‘em to be a little positive, how about that?2
Flanigan: I know that today that, uh, to talk about it to Regan, he was, you had to drag it out of him.
President Nixon: Yeah. Here we are—well, no, he was all right. But he was coming through a receiving line, so it was all right. But the point is that here they are with—the Dow is now up 300 points.
President Nixon: From the low. More important, it's 2 points above what it was when we came into office. See, no . . .
Flanigan: I didn't realize that.
President Nixon: January 20, it was at 930. January 20 of '69: 930.
Flanigan: [Unclear] believe that one.
President Nixon: Now it's at 932.
Flanigan: I will—
President Nixon: Now, when I think they ought to start talking pretty damn positively, you know, up there. Those guys should be feeling pretty good, and they ought to say so.
Flanigan: Yes, I agree with that.
President Nixon: Don't you agree?
Flanigan: I agree with that, and they ought to be making waves—
President Nixon: Yeah.
Flanigan: —through the rest of the economy because they're the people who are [unclear] on the board.
President Nixon: Talk it up. Bunny Lasker, tell him that he ought to . . . maybe a few of those guys ought to write me a letter or something or, you know.
Flanigan: You bet.
President Nixon: There's something they can do. OK?
Flanigan: Yes, sir. I'll do it.
President Nixon: Fine.
Flanigan: That's good. I'm sorry I didn't think about that.
President Nixon: OK.
Flanigan: Above when we came in. That's great.
President Nixon: All right. OK, Pete.
Flanigan: Thank you. Bye-bye.
1 Peter M. Flanigan was a White House aide. (↑)
2 Donald T. Regan was chief executive officer of Merrill Lynch. Bernard J. “Bunny” Lasker was Chairman of the Board of Governors of the New York Stock Exchange (↑)