Present value of $10,000 investment made January 3, 1994 minus fees and commissions. Rates reflect Wednesday close. Copyright 1994, The Meyers Report
The four-horse race continued this week, while the six who went to Washington to protest higher interest rates are ready to riot as rates continue to rise. Silver remained the leader with a $56 gain, while Savings Bond maintained a steady second, gaining $6 for the week. Money Market and 90-Day CD gained $6 for the week and are holding their respective third and fourth positions for the second consecutive week. Higher interest rates are hobbling the protest horses. Gold is protesting the loudest, in fifth with a gain of $605 for the week. Ole Blue slipped into a scarlet sixth, up $267 this week. Gaining $165 for the week, but losing stature, Lipper Int'l is now in seventh, while Lipper Mutual, in eighth, gained $306. OTC's gain of $363 wasn't enough to pull him out of ninth. Thirty-year T-bond is trying hard, gaining $799 for the week, but interest rates have clubbed him down, keeping him in tenth.