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How the Dow 30 stocks fared in 2008

The only stocks up for 2008 were the notably non-industrial McDonalds and Wal-Mart (well, they are in the industries of producing fat kids in the U.S. and skinny ones in China living on the scraps from their parents’ sweatshop wages). Reuters provides the whole list.

The corporate giants on this list belie the notion that the market really knows what companies are worth. It’s absurd to think Microsoft is worth 45.4 percent less than it was a year ago — either the market is fundamentally wrong today or it was wrong 45.4 percent ago.

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Tom Mangan posted at 8:37 am January 2nd, 2009 |

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