50 SPX Stocks Down > 50%

Wednesday, August 27, 2008 | 11:15 AM

Via Mike Panzner, comes this list of the 50 down 50:

Since the S&P 500 hit a closing peak of 1565.15 on October 9th, the benchmark has lost 18.11% (through this morning). However, 50 stocks, or 10% of the index constituents, have actually fallen by more than 50%. Not surprisingly, the biggest losers are financials, though the list also includes a few dogs from the auto, newspaper and technology sectors, among others.

I am curious about the following: How many times has this happened before? What did the markets do 6, 12 and 24 months afterwards?

50_2

Click through for the infamous 50:

50 Stocks Down 50% or more from the S&P500

Freddie Mac    FRE    -95.16%
Fannie Mae    FNM    -92.52%
Wamu Inc    WM    -89.75%
Mbia Inc    MBI    -84.53%
Natl City Corp    NCC    -80.85%
Mgic Invt Corp    MTG    -80.14%
Lehman Bros Hldg    LEH    -79.38%
E*Trade Financia    ETFC    -78.65%
Xl Capital Ltd-A    XL    -76.18%
Cit Group Inc    CIT    -75.91%
Regions Financia    RF    -73.10%
Amer Intl Group    AIG    -73.04%
General Motors    GM    -72.82%
Wachovia Corp    WB    -72.44%
Sandisk Corp    SNDK    -70.58%
Slm Corp    SLM    -70.54%
Office Depot Inc    ODP    -68.36%
Tesoro Corp    TSO    -67.48%
Merrill Lynch    MER    -66.86%
Keycorp    KEY    -66.66%
Zions Bancorp    ZION    -65.47%
Whole Foods Mkt    WFMI    -65.46%
Titanium Metals    TIE    -64.53%
Nvidia Corp    NVDA    -62.63%
First Horizon Na    FHN    -62.61%
Citigroup Inc    C    -61.61%
Harman Intl    HAR    -61.12%
Gannett Co    GCI    -60.91%
Huntington Banc    HBAN    -60.34%
Qwest Communicat    Q    -60.28%
Ciena Corp    CIEN    -60.16%
Marshall &Ilsley    MI    -59.55%
Allegheny Tech    ATI    -58.97%
Fifth Third Banc    FITB    -58.67%
Sun Microsystems    JAVA    -58.52%
Gen Growth Prop    GGP    -57.64%
Adv Micro Device    AMD    -55.91%
Liz Claiborne    LIZ    -55.76%
Micron Tech    MU    -55.64%
American Capital    ACAS    -54.09%
Meredith Corp    MDP    -53.58%
Nyse Euronext    NYX    -53.16%
Valero Energy    VLO    -53.05%
Legg Mason Inc    LM    -52.77%
Lennar Corp-Cl A    LEN    -52.45%
Cb Richard Ell-A    CBG    -51.57%
Comerica Inc    CMA    -51.53%
Genworth Financi    GNW    -51.45%
Sprint Nextel Co    S    -50.27%
Sovereign Bancor    SOV    -50.06%

Wednesday, August 27, 2008 | 11:15 AM | Permalink | Comments (19) | TrackBack (0)
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Comments

Seems like the bulls decided to have a suckers rally today.
Again.
Hope they think its funny and that it pays off, but Im not really sure of it.

Postulation: if you take away all the injected liquidity over the past year,
what would the indexes be then?

Any suggestions?

Posted by: NOR | Aug 27, 2008 11:31:43 AM

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