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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Tag: economy

ROICW Has Tripled Woof! Woof!

March 13, 2012March 27, 2017

AS SEEN ON A BROOKLYN COFFEE SHOP CHALKBOARD:

LIFE
A sexually transmitted
fatal disease.
To help you cope
have a cup.

☞ A little too dark? Well, how about this:

SHOW THIS TO YOUR DOG

Seriously.

ROICW

Some time ago I suggested warrants that now bear the symbol ROICW. For example, here, August 11, 2009 (last item on the page), at 27 cents. Closing last night at 91 cents, they’ve more than tripled. But this from Barron’s suggests it could pay to hold on. The warrants could perhaps even triple again before they expire October 23, 2014. (Still: sell enough to recoup your original investment?)

13 CHARTS

And suddenly it all comes clear.

Not shown is a chart for the stock market, which has roughly doubled from March of 2009 – a bottom reached just weeks after President Obama took command of the desperate situation he was handed.

And I would quibble with inclusion of the “Housing Not Yet Recovered” chart, based on the home price index – as though a goal should be to see housing prices back at their crazy 2006 bubble highs.

And some of the other charts are certainly just the starting point of further discussion. (Feel free to hold forth! Your feedback sustains me.)

But it’s hard to look at these charts and not get the big picture: despite relentless opposition, we’ve made real progress.

Let’s keep it going.

Tomorrow: 50 Obama Accomplishments

Quote of the Day

"We've forgotten all the sacrifices that the people who've gone before us made to give us this wonderful life that we have. We accept it; we take it for granted; we think it's our birthright. The facts are, it's precious, it's fragile -- it can disappear."

Ross Perot, 1988

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