Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/which-was-the-only-stock-in-th Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Which was the only stock in the S&P 500 to go up yesterday, according to Bloomberg.com? Economy Sep 30, 2008 10:04 AM EDT 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. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now
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. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now