Beaten Dog Gets a Bone; Music Stocks Show More Gains

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John and Jane Doe investors are now becoming an endangered species, spooked by their ravaged 401ks and nonexistent jobs.

That means more serious, professional investors in stocks like Warner Music Group, Apple, and other seemingly-sexy music and technology stocks.

In that context, can this sector ever revitalize?  Perhaps the answer depends on whether the broader economy itself can revitalize, and rally confidence among less savvy investors and IPO-hungry startups.  But that is far from the mentality of the day, a period that features seriously-distressed banks, broke investors, and limited optimism.

On Wednesday, news surfaced on a plan to create a ‘bad bank,” one that would soak up toxic assets and allow normal banks to focus on their better business endeavors.  The plan, theoretical at this stage, offered a lift to Wall Street, boosting the Dow 201 points, or 2.46 percent, to 8,375.45.

That was enough wind to propel the music-related portfolio.  Apple (AAPL) lifted 3.82 percent to $94.20, Warner Music Group (WMG) added 1.82 percent to $2.16, Live Nation (LYV) tacked 5.76 percent to $6.43, Ticketmaster (TKTM) bumped 4.2 percent to $6.94, and RealNetworks (RNWK) gained 4.03 percent to $3.10.

Elsewhere, The Orchard (ORCD) added 0.67 percent to $1.51.  Among the low-flyers, Sirius XM Radio (SIRI) improved 5.5 percent to 11.7-cents, and Source Interlink Companies (SORC) gained 0.25 percent to 12-cents.