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%

Category: BP Cafe, Markets, Technical Analysis

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “DJ Industrials Bear Market – One Stock at a Time”

  1. jmborchers says:

    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.

  2. jmborchers says:

    Of course you have to lever up with stocks that have lost around 75% of their value to expect more than 100% gains.

  3. Bruce N Tennessee says:

    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….

  4. jmborchers says:

    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?

  5. leftback says:

    @ jm:

    There is always a bull market in bad predictions…. :-)