Twenty Years Of Gains Gone

 | Nov 15, 2018 12:54PM ET

Pacific Gas & Electric (NYSE:PCG) has been hammered by fire liability concerns and it is priced at the same level it was in 1998. It is down 75%, which includes adjustments for dividends. But, hey, 1998 wasn’t so bad! The government was running a SURPLUS and we were about $16 trillion less in debt.