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Joseph P. Porter
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I am a retired college faculty in Philosophy, with specializations in Ethics, Socio-political Theory and Rational Choice/Decision Theory. My teaching focus was on Business Ethics, Medical Ethics and Logic. After retirement I freelanced as a Grant Writer/Fund Raising Consultant. I have taught at... More
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Joseph P. Porter's Instablog
  • Dogging The Markets: Week 16 0 comments
    Apr 19, 2013 11:00 PM

    A bad week. That pretty much sums up the state of affairs in the Dow and the S&P. Both indexes were down substantially, and the losses there were reflected in the two comparisons we're making.

    Let's look at the S&P, first:

    (click to enlarge)

    Nearly all companies were down this week. Notable is Frontier Communications Corp. (NYSE:FTR), which had gone positive last week; this week, Frontier is back in the dog house, at -3.50%.

    Let's take a look at the Dow:

    (click to enlarge)

    Here, again, everything is down, notably Hewlett-Packard Co. (NYSE:HPQ), which was confronted with the recent revelation that PC shipments are down, something that is believed will hurt HP in the long run.

    I'd just as soon put this week behind me, and wait for better things next week.

    Disclosure: I am long PFE.

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