Present value of $10,000 investment made Jan. 8, 1998, minus fees and commissions. Rates reflect Wednesday close. Copyright 1998 The Meyers Report
While the economy is in good shape, Wall Street is making for a rough ride. Thus, our horrified horses are hitting the highway to get out of town. Only 30-Year T-Bond, who capitalized on the troubles of the others, and the saver steeds are enjoying the trip. 30-Year T-Bond invested his $117 in a luxury car to celebrate his move into first. The saver steeds, driving their conservative green sedans, stayed out of the fast lane but moved up to second, third and fourth. EE Bonds, Money Market and 90-Day CD took their $10, $10 and $8 earnings, respectively, directly to the bank. OTC led the exodus, but he sold his snappy sports car and went to Rent-a-Wreck for his wheels. His $1094 loss paired with a drop to fifth forced austerity, but he's not alone out there. Lipper International gave up his fancy import along with $337 but moved up to sixth. Even though Gold moved into seventh, it was due more to the misfortunes of others than his $103 loss. Blue Chip appears to be driving in reverse. A $914 loss coupled with a drop to eighth has him calling for emergency assistance. Lipper Mutual's beater needs $885 of major repairs. A stalled engine and four flats left him sitting on the shoulder in ninth. Silver is faced with big transmission troubles. He just can't get it in gear. His $356 loss makes him a good candidate for the scrap heap.