Present value of $10,000 investment made January 3, 1994 minus fees and commissions. Rates reflect Wednesday close. Copyright 1994, The Meyers Report
In spite of a stronger dollar and the Fed's release of the Beige Book - indicating that inflation is under control and interest rates aren't charging skyward, the horses are skittish this week. The ever-steady Saver Steeds were winners this week, with Double E Bond coming in first, gaining $8, while Money Market gained $7 and second. In third, 90-day CD gained $5. An overconfident Silver lost $148 and traded first for fourth, while Gold ran hard in fifth, gaining $207. Old Blue lost $170 and slipped into sixth. The Lipper ponies remain indifferent to what goes on around them. International Funds is in a scarlet seventh, losing $178, while Mutual Funds lost $215 and refuses to budge out of eighth. Thirty-year is now in ninth, gaining $30 for the week but still in the crimson for almost $900, while OTC is in tenth and in intensive care, having lost $300 for the week and hemorrhaging $1,000 for the year.