Floyd Norris lists the Unlucky 13, a.k.a., my portfolio.*
Ignoring AIG (of which more later, maybe), here are the top Market Cap losers in the S&P 500 YTD, who combined have dropped by more than half a trillion dollars:
- EXXON MOBIL
- GENERAL ELECTRIC
- BANK OF AMERICA
After reading that list, I fully except to see Declan MacManus, in his guise as The Earl of Manchester, and am starting to wonder when McCain/Palin will adopt “I am not a schmuck” as its official campaign slogan.
*Well, not exactly mine. I’ve been 85-90% in cash since Q4 2007. Can you say risk averse?