Present value of $10,000 investment made January 8, 1998 minus fees and commissions. Rates reflect Wednesday close. Copyright 1998, The Meyers Report
Horses Hit the Hoops - Earnings worries made for a bumpy ride for some racers heading to the NBA finals, but those who didn't pass Wall Street had smooth sailing. Lipper International put some numbers in the record books, moving from third to first with his $72 performance. OTC came out looking aggressive, but fear of failure kept him from the basket and resulted in a $242 loss. Blue Chip couldn't pick up the tempo, missing at the basket and at the line. His $164 loss kept him in third, but he's hot on the hooves of OTC. Lipper Mutual was grabbing rebounds left and right, but a technical in the fourth quarter cost him $91 and bought him a seat on the bench. 30-Year T-Bond was deadly from downtown, and with the help of a strong dollar and manufacturing gains he drained $71 worth of points. Defense is the key to the saver steeds' strategy. EE Bonds stood tall, deflecting shots of good shooters. His efforts earned him a high five and $10. Money Market and 90-Day CD heated up the transition game with steals of $10 and $8, respectively. Gold made the playoffs, but his profits are barely in the black. His $12 keeps him in ninth, and he's hoping for a rally. Although gaining $40, Silver is playing with five fouls and it isn't even half time. You can almost hear the investors singing, "Hit the Road, Jack!"