Good day for: New blood, as the Dow Jones Industrial Average is adding insurer Traveler's Cos. and Cisco Systems Inc., and dropping Citigroup Inc. and General Motors. The updating of the Dow -- the best-known barometer of big-company stocks on Wall Street -- came as GM announced it was filing for bankruptcy protection under a government-driven restructuring that aims, among other things, to make the giant automaker much smaller. (AP in Yahoo Finance)
Bad day for: Following the herd, as an investor who followed President Obama's March 3 advice to buy stocks would have reaped 32 percent returns if he had invested that day in the Standard & Poor's 500 index. "This is one of the more visible examples of how going against the crowd and taking a contrary position works out spectacularly well," investment strategist Ed Yardeni said. (MarketWatch)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. Marines are developing laser weapons. Here's why.
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- How 1,000-year lifespans could remake the economy
- 6 things the happiest families all have in common
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- Ban PowerPoint!
- The stories behind 22 classic album covers
Subscribe to the Week