Thursday, October 18, 2007

Cocaine prices up more than blue chip stocks...

CocaineAccording to an article at BloggingStocks.com, the average price per gram of cocaine has gone up 24%, from January to June. That average price in June was $118.70 per gram.

Meanwhile, back in the legal markets, the Dow Jones average is up 10.8%, the S&P 500 is up 7.98%, and the Nasdaq is up 14%, over the same time period.

Also according to the article, research shows that the government loses $31.1 billion in taxes due to the fact that marijuana is not legal. It is assumed the loses would be similar for coke.

Oddly enough, one of the few blue chip stocks whose percentage gain is higher doing better than the substance crack is made from is Google (GOOG), which is up 35%.

Moral of the story? If Zach was smart, he would have invested in that "hell of a drug"....