with Oli | Strategies


AUTSCH!!!

Wall Street’s dollar menu

GE 3/5/08: $33.55 Today: $6.75

BAC 3/5/08: $37.55 Today: $3.22

GM 3/5/08: $22.97 Today: $1.81

C 3/5/08: $22.15 Today: $0.97

AIG 3/5/08: $44.61 Today: $0.38

Good example for: “buy and hold KILLS” :)

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One Response to “AUTSCH!!!”

  1. Eric Says:

    Very embarrassing for those companies, no? … and now, people who owned those stocks have to eat at MacDonald’s, which has its own “dollar menu.” lol

    (Oddly enough, MCD now trades at…. $51.38 per share, roughly near the price it was a year ago. But it’s still 51 times higher than Citi, and more than 100 times higher than AIG. Autsch!!)

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