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Friday, October 18, 2013

RECORD DAY ON WALL STREET

The S&P 500 closed at 1745, a record high for the second day in a row.  It helped that Google jumped 123, breaking their all-time record, reaching four digits for the first time at 1011.  A few other notables:

  • Amazon rose 18 to 329, significant, for I bought it when it was 16.64, or a 2000% increase.
  • Sirius XM Radio is now at 4.05, a 2500% gain for me since original purchase.
  • Facebook went up to 54.22, which is most gratifying, as I called myself an idiot for getting this stock on initial public offering (IPO) day for 38, then watch it drop to below 20.  It has been exactly 5 months since IPO day, so I guess I've surged ahead at an annual 342% for this period.
I've noticed that several fast food chains in Las Vegas that my brother originally frequented and recommended have impressively increased in value.  Chipotle, for example, just today leaped 71 to 510.  In 2006 it had an IPO start of 22, so the escalation has been a terrific 2300%.  Moral of this story?  Go to my posting of 13October2013 declaring that Las Vegas might now be the epicenter for the future of food!

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