Present value of $10,000 investment made January 8, 1998 minus fees and commissions. Rates reflect Wednesday close. Copyright 1998, The Meyers Report

Horses heap on honors . . . The graduating grazers got good news at graduation. The guest speaker told of a strong economy with few signs of inflation and even fewer signs that the economy is slowing. However, the first lesson for the new investors is "All that glitters is not gold (or silver). OTC was class valedictorian with a $140 gain. His track record this year made him the hands-down favorite for this lofty position. Lipper International aced his finals on foreign economics to win salutatorian, picking up $351 on the way. Blue Chip received honorable mention for his $128 bid but fell to third. Lipper Mutual left early for a job interview and impressed everyone with his $109 resume. Gold and Silver checked the summer school schedules after losses of $253 and $308, respectively. Although Gold held fifth, Silver dropped to the end of the pack. EE Bonds, Money Market and 90-Day CD were voted most likely to succeed for their steady performances. They gained $10, $10 and $8 and held sixth, seventh and eighth, respectively. 30-Year-T-Bond has been on academic probation, but it must have helped. His $129 gain got him out of study hall and into Econ-101.