How the Stock Market Gives Gains
This week the market (as measured by the S&P 500) rose 10 percent. Ten percent is a decent gain for an entire year. (Yes, I know that we have some losses to make up, but that's not the point). The lesson from Mr. Market is that you get gains when you least expect them. If your long-term asset allocation guidelines call for owning a certain percentage of your wealth in stock, then stick with the plan. It really paid off this past week.
Comments
For the 28 weeks ended 10 September 2005, SUPERVALU Inc.‘s revenues rose 1% to $10.53B. Net income fell 45% to $125M. Revenues reflect an increase in turnover from Retail Food and Supply Chain Services segments. Net income was offset by the absence of a $109.2M gain on sale of WinCo Foods, Inc. and an increase in selling & administrative expenses. The Company is engaged in the business of selling food and non food products.