I like DBC and DIG. Two ETF’s involved with companies making stuff.
I like stuff.
I like this too.
a recent report by Bridgewater Associates titled, "The Performance of Individual Stocks During the Great Depression."The best 20 performing large companies sailed through the depression relatively unscathed. Their earnings were roughly flat from the peak in 1929 until the bottom in 1933. On the other hand, the earnings of the worst 20 performing large companies fell so much that the losses were nearly as big as the prior profits. Despite this radical difference in earnings performance, the prices of the best 20 and worst 20 earning companies fell by similar amounts, -80% for the best and -96% for the worst.
This is happening. Right in front of our eyes.
This one is from Barry Ritholtz:
Here’s a short list of only the highest quality, bluest of blue chip, penny stocks:
AIG (39 cents), Citigroup (98 cents), E*Trade (66 cents), Fannie Mae (39 cents),
Freddie (39 cents), Unisys (37 cents)
Given the trading volumes, you might think these were real firms or something!
Now, for the not-quite-penny stocks:
Ford ($1.83), GM ($1.83), Las Vegas Sands ($1.97), MGM ($1.99), CIT ($2), Kodak ($2.50), Bank of America ($3.15), New York Times ($4.00), News Corp ($6.15), Xerox ($4.36), International Paper ($4.22), Alcoa ($5.55), GE ($6.75), Dow Chemical ($6.56), Wells Fargo ($7.95), Dell ($8.50).
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I like stuff.
I like this too.
a recent report by Bridgewater Associates titled, "The Performance of Individual Stocks During the Great Depression."The best 20 performing large companies sailed through the depression relatively unscathed. Their earnings were roughly flat from the peak in 1929 until the bottom in 1933. On the other hand, the earnings of the worst 20 performing large companies fell so much that the losses were nearly as big as the prior profits. Despite this radical difference in earnings performance, the prices of the best 20 and worst 20 earning companies fell by similar amounts, -80% for the best and -96% for the worst.
This is happening. Right in front of our eyes.
This one is from Barry Ritholtz:
Here’s a short list of only the highest quality, bluest of blue chip, penny stocks:
AIG (39 cents), Citigroup (98 cents), E*Trade (66 cents), Fannie Mae (39 cents),
Freddie (39 cents), Unisys (37 cents)
Given the trading volumes, you might think these were real firms or something!
Now, for the not-quite-penny stocks:
Ford ($1.83), GM ($1.83), Las Vegas Sands ($1.97), MGM ($1.99), CIT ($2), Kodak ($2.50), Bank of America ($3.15), New York Times ($4.00), News Corp ($6.15), Xerox ($4.36), International Paper ($4.22), Alcoa ($5.55), GE ($6.75), Dow Chemical ($6.56), Wells Fargo ($7.95), Dell ($8.50).
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