50 SPX Stocks Down > 50%
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?
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
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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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