Joseph P. Porter's  Instablog

Joseph P. Porter
Send Message
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
My company:
My blog:
Joseph P. Porter's Instablog
  • Dogging It: Week 43 – Normalcy, For The Time Being 0 comments
    Oct 26, 2013 3:00 PM

    It seems like things are sort of back to normal, at least until January. The market seems to be behaving just about as usual. Whatever "usual" is supposed to mean for the market.

    The Dow:

    (click to enlarge)

    I must admit to feeling a bit sad, as the PIC portfolio has fallen quite a bit behind the DJIA itself, let alone the Dogs. Meanwhile, the Dogs are moving right along. One thing hampering the PIC is the fact that IBM (NYSE:IBM) is still in the negatives, although it has moved up by 238 bps over week 42. Chevron (NYSE:CVX) has moved up by 125 bps for the Dogs, although it is still negative for that portfolio. DuPont (NYSE:DD) has moved upwards by a sizeable amount for the second consecutive week, jumping 507 bps over week 42. The movement in other companies has been nominal.

    The S&P 500:

    (click to enlarge)

    While the S&P 500 was up nicely for the week (and the Dogs portfolio followed suit), the PICs were maybe hit by some mediocre earnings - the PIC portfolio was down ~ 70 bps from week 42. Analog Devices (NASDAQ:ADI), Baxter (NYSE:BAX), Cisco Systems (NASDAQ:CSCO), KLA-Tencor (NASDAQ:KLAC), Seagate (NASDAQ:STX) and Texas Instruments (NASDAQ:TXN) were all down, some by 200 bps or more from last week. It seems more than just coincidence that five of the six losers are tech companies (and for all intents and purposes, we can toss Baxter in with them).

    The Dogs had its share of losers last week, as well - notably Pitney Bowes (NYSE:PBI), which dropped by ~ 430 bps from last week. Offsetting the loses, however, was an incredible gain of 1380 bps by R.R. Donnelley (NASDAQ:RRD), which may well be tying up its two-bagger run - it has a current performance of 99.56% (which rounds off to 100%), and total return thus far of 108.23%. Very nice.

Back To Joseph P. Porter's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • $CUR up $0.27 @1:20 - can't find any news for big jump (15%!) - anyone know what's going on?? Very smiley face about this.
    Sep 24, 2015
  • $CUR earnings didn't help their case much - @ ~ $2.38. Will take great news somewhere to bring stock back up.
    Mar 16, 2015
  • Ignore ETF Expense Ratios? Maybe
    Dec 18, 2014
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.