Which was the only stock in the S&P 500 to go up yesterday, according to Bloomberg.com? | The Business Desk with Paul Solman | PBS NewsHour

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Which was the only stock in the S&P 500 to go up yesterday, according to Bloomberg.com?

Stocks; AP

Paul Solman: Rhetorical question, posed by myself: Which was the only stock in the S&P 500 to go up yesterday, according to Bloomberg.com?

Answer: Campbell, the soup company.

If the goals of the Conquistadors in the "New" World were "the 3 G's: God, Gold and Glory," perhaps investors buying Campbell's stock were using the new survivalist 3 G's of the financial crisis: Generators (for your own electricity), Guns (to ward off the looters) and canned Goods -- like soup.

Or, more hopefully, perhaps the market figures people will be downshifting in droves and stocking up on comfort food as cooler weather moves in.

PS: A suggestion that you read another Bloomberg item, this one written by the gutsy and otherwise remarkable Michael Lewis ("Liar's Poker," "Moneyball," etc.): America Must Rescue Goldman's Bonus Pool.

PPS: Another suggestion: The ever-sane Dean Baker's column on the bailout in Talking Points Memo.

-- Posted September 30, 2008 | Comments ( ) | Permalink