Hit by a BUD Beer Truck
We ran into a BUD(BUD Quote) beer truck going $60 earlier in the week. Others of you might have overdosed on Bristol-Myers (BMY Quote) 5 points ago or drank a little Clorox (CLX Quote) cocktail at $45. In each of these cases, supposedly safe stocks slaughtered anybody who sampled the merchandise.
Of course, you could say that all this was more than compensated for by the billions in market cap tacked on by an InfoSpace(INSP Quote) or a Commerce One(CMRC Quote). But stocks aren't meant to be zero sum games. It seems that the whole world, indexing, growth and value, has decided en masse to use any good news from "plain old stocks" -- POS?! -- like a buy back or a great quarter, to exit. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.31 |
Oil *
79.28
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UP
34.92
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UP
4.14
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UP
6.16
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UP
0.30
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10 Yr
3.23%
SPDR Gold
115.65
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+0.34%
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+0.38%
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+0.29%
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+0.94%
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