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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 Market: Week 23 0 comments
    Jun 9, 2013 3:40 PM

    This is more like it. Although the week started off unhappily, it ended up with a couple of good days to wipe out a lot of the damage done in the past couple of weeks. (I have this gut feeling the week coming up will not be quite so nice.)

    The Dow:

    (click to enlarge)

    Most companies were up, and an increase of about 2% per company seems to have been the average. Cisco Systems (NASDAQ:CSCO) and Verizon Communications (NYSE:VZ) seemed to do particularly well, while AT&T Inc. (NYSE:T) seems stuck in the mud. Both teams are on a par with where they were three weeks ago.

    The S&P

    (click to enlarge)

    The Dogs of the S&P seem to have pulled up lame. If a couple of companies hadn't paid dividends this past week (notably Frontier Communications Corp. (NASDAQ:FTR)), the team as a whole would have been down for total yield. Four companies are now in the negative yields, and only Pitney Bowes Inc. (NYSE:PBI) and competitor R.R. Donnelley & Sons Co. (NASDAQ:RRD) seem to be doing very good. You-know-who just keeps getting further behind; if it were possible to make substitutions, this company would be a major candidate for getting cut.

    Disclosure: I am long PFE.

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