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I think, to crib from Joan Didion, this was a year of magical moneymaking for Valero, and I don't believe that Greehey can replicate it. But I do believe that he still can make a ton of money and buy back a huge amount of stock because, alas, there's still no capacity coming on.
I am going to excuse you from beating yourself up on Valero and Apple if you played the other winning theme in the S&P 500: health care cost containment. Express Scripts(ESRX) and Humana(HUM) snuck in that top 10 with 122% and 85%, respectively. The others, though, were either variants on Valero -- National Oilwell Varco(NOV) (another double-down merger), Sunoco(SUN), Burlington Northern(BNI) and EOG Resources(EOG), or oddball turnarounds like Office Depot(ODP) and Corning(GLW). To me, if you owned any of these at any time, you are a winner in my book. Have a great 2006!TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
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