Commentary on the economy, the markets, and business
How to make 376% in the stock market
1. Build a time machine.
2. Go back to January 1, 2008, and buy shares of Emergent BioSolutions.
It might ring a little odd, what with markets down about 40% for the year, but there actually are stocks that have had a very good 2008. I wrote a piece for Time.com about some of them. Click here to read it.
All told, 263 stocks were higher on Dec. 12 than on Jan. 1. That almost doesn't sound too bad—until you learn that my universe was the Russell 3000. Yeah, exactly: 263 out of 3,000.
Thanks again to the folks at Thomson Reuters Datastream for pulling the data.
Barbara!
Comments (2)
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1
Dec. 12 huh? I heard on the morning of December 11 Madoff's fund was up its usual 12%.
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2
Are you making a numerological argument?
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