comments
NASDAQ Government Relief Index – One Year Later
Email
 Print
|
About a year ago, NASDAQ announced a new index called the NASDAQ OMX Government Relief Index (QGRI) that would track the performances of companies that participated in any government sponsored relief program, such as the Troubled Asset Relief Program (TARP). It wasn’t limited to just TARP participants, it would also include companies that received government investment. It would begin its life at 1,000.
So how did it fare?
It was a wild ride but it opened this morning up a few percentage points! (1,087.97)
The index sank as low as 400 and rose as high as 1,094.27, according to Google Finance, making for quite a swing. While it’s not entirely fair to compare QGRI to the S&P 500, we will anyway. If you look back one year, the S&P has gained over 28% while the QGRI is up almost 20%. (a chart comparing the two).
So do you think the government made a good investment in these too big to fail companies? 
Related Posts
 By Jim |
 Stumble It! Bookmark reddit.comTags: NASDAQ, Stock Market Jan 11, 2010 | Read more in Personal Finance |
Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.
Will the government be selling stock at higher rate than what they paid in at or will the companies be buying back their own stock?
The 52 week is 400 – 1179.95
That’s because they do it based on the close, it reached 1,094.27 intra-day.
It is impossible to do good with other people’s money.
Better than losing money.
Yes the gov did good by stepping in. Think about the trickle effect if gov didn’t… jobs, retirement, etc…