Lately CNN.com wrote about Empire Avenue with the title "Play the nonscary Social Stock Market". We thought about it here at Empire Avenue HQ and wondered about relative performance of Empire Avenue and thought we'd have a bit of fun! So how has Empire Avenue as a market performed at the same time as the Dow Jones Industrials and the NASDAQ over the past 4 to 5 months? We'll let you make your own judgements, but below is a Market Index we created called the "NR100" which takes the top 100 performing social stocks (people) at close of day April 6, 2011. We chose that day as it was one of the highest Dow Jones closes in early April. We then followed these 100 EA share prices through today.
If you had invested your Eaves with these 100 people, chances are good you would have seen a 15% gain in your investment. In the same time, DJIA and NASDAQ have fallen about 15%. So here's the NR100 index for Empire Avenue with comparable charts from Yahoo! Finance for Dow Jones and the NASDAQ. Empire Avenue is on a bit bull run. Maybe it's time for you to get in on the action!
