DJ Industrials Bear Market - One Stock at a Time
In looking at the way the bear market has unfolded so far, it’s worth noting that many constituent stocks topped out before the benchmark indices.
In the case of the Dow Jones Industrials, for example, 16 stocks reached their peaks (in many cases, their record highs; in others, their two-year highs) by the time the Dow closed at its all-time record high of 14,164.53 on October 9th, 2007.
|
Index Constituent |
Date of Closing Peak |
Number of Constituents Yet to Peak |
Length of Bear Market in Days through 3-Dec-08 |
Bear Market Loss through 3-Dec-08 |
|
Citigroup |
27-Dec-06 |
29 |
707 |
-86.14% |
|
Home Depot Inc |
13-Feb-07 |
28 |
659 |
-45.50% |
|
Bank Of America |
14-Feb-07 |
27 |
658 |
-72.16% |
|
Walt Disney |
8-May-07 |
26 |
575 |
-39.16% |
|
JPMorgan Chase |
9-May-07 |
25 |
574 |
-43.14% |
|
Pfizer |
1-Jun-07 |
24 |
551 |
-39.96% |
|
Kraft Foods |
21-Jun-07 |
23 |
531 |
-27.52% |
|
Alcoa |
13-Jul-07 |
22 |
509 |
-80.38% |
|
Du Pont |
18-Jul-07 |
21 |
504 |
-55.75% |
|
Caterpillar |
19-Jul-07 |
20 |
503 |
-54.41% |
|
American Express |
19-Jul-07 |
19 |
503 |
-66.64% |
|
Boeing |
25-Jul-07 |
18 |
497 |
-62.26% |
|
AT&T |
26-Sep-07 |
17 |
434 |
-32.10% |
|
United Technologies |
1-Oct-07 |
16 |
429 |
-42.34% |
|
General Electric |
2-Oct-07 |
15 |
428 |
-56.96% |
|
3M |
5-Oct-07 |
14 |
425 |
-36.66% |
|
DJ Industrials |
9-Oct-07 |
|
421 |
-39.34% |
|
General Motors |
12-Oct-07 |
13 |
418 |
-88.51% |
|
Exxon Mobil |
18-Oct-07 |
12 |
412 |
-16.96% |
|
Verizon |
31-Oct-07 |
11 |
399 |
-27.63% |
|
Microsoft |
1-Nov-07 |
10 |
398 |
-46.38% |
|
Hewlett-Packard |
6-Nov-07 |
9 |
393 |
-34.81% |
|
Intel |
6-Dec-07 |
8 |
363 |
-51.18% |
|
Merck |
10-Dec-07 |
7 |
359 |
-56.46% |
|
Procter & Gamble |
12-Dec-07 |
6 |
357 |
-15.79% |
|
Coca-Cola |
10-Jan-08 |
5 |
328 |
-29.62% |
|
Chevron |
20-May-08 |
4 |
197 |
-27.50% |
|
IBM |
22-Jul-08 |
3 |
134 |
-37.95% |
|
McDonald’s |
11-Aug-08 |
2 |
114 |
-9.70% |
|
Johnson & Johnson |
8-Sep-08 |
1 |
86 |
-20.63% |
|
Wal-Mart |
11-Sep-08 |
0 |
83 |
-13.91% |
December 4th, 2008 at 10:54 am
This means lever up bigtime and that’s exactly what I did this morning. I’ve bought Jan 2011 options for 100% gains. It seems stupid but it’s the exactly right thing to do.
December 4th, 2008 at 11:38 am
Of course you have to lever up with stocks that have lost around 75% of their value to expect more than 100% gains.
December 4th, 2008 at 11:46 am
jmborchers:
Delighted you have done so well. Permabulls sometimes do. I hope you see Dow 10,000 by year end. I hope we all do….
December 4th, 2008 at 11:56 am
10,000 by year end. Possible, I suppose. I would think we’d see 10K by 1Q 09.
When the people at the Fed who can’t predict talk about a long downturn how couldn’t you bet against that?
December 4th, 2008 at 4:37 pm
@ jm:
There is always a bull market in bad predictions….