Present value of $10,000 investment made January 8, 1998 minus fees and commissions. Rates reflect Wednesday close. Copyright 1998, The Meyers Report
With appetities whetted by high-tech advances, mergers and generally good economic news, the racers celebrated a record-setting week by dining out. OTC got the best table and could well afford the $351 entree. Lipper International splurged, ordering $275 worth of Oriental since fears of Asia have abated. Blue Chip was in the chips, ordering $334 a la carte and staying in third. Not to be outdone at this feast of plenty, Lipper Mutual bought a round for everone with his $183 gain. The saver steeds took their conservative cash to the local drive-in, with EE Bonds, Money Market and 90-day CD ordering $11, $10 and $8 gains and settling in sixth, seventh and ninth places, respectively. Gold and Silver got grilled this week as inflation fears vanished. Gold developed a $55 case of indigestion but still holds on to fifth. Silver dropped to eighth with a $243 loss and opted for peanut butter and jelly. 30-Year T-Bond got a $22 dessert, but he's still in blue plate special territory.