Don't Miss Out On Great Gains! - Best Investment Newsletter


Click for FREE sample of Kirk Lindstrom's Investment Letter

Don't miss out! Subscribe Now

Search For More

Sunday, January 20, 2008

Market Update

The major US stock market indexes have not had a good first three weeks of 2008. (All charts are clickable to view in full size.)

The markets are down even more since they peaked in 2007:

Ticker - Price - % off 52 wk High

DJIA   12099.30 (14.8%) price weighted
S&P500 1325.19 (15.9%)
NASDAQ 2340.02 (18.2%)
R2000 673.18 (21.4%)
QQQQ 45.35 (17.7%)
VTI 130.57
(16.6%)
 

After leading 2007, Gold (GLD) is the clear winner so far for 2008.


Market Peak


This chart shows how the markets have done since the S&P500 peaked on October 11, 2007 at 1576.09
.

Gold is up 15% while the S&P500 is down over 15%.

Here is a list of The DOW stocks, their closing prices as of Friday January 18th, and their percentage off their 52-week highs.

Ticker - Price - % off 52 wk High

AA $29.10 (40.3%)
AIG $52.05 (28.7%)
AXP $43.61 (33.8%)
BA $78.40 (27.3%)
C $24.45 (56.0%)
CAT $62.81 (27.8%)
DD $42.70 (20.8%)
DIS $28.51 (22.5%)
GE $34.31 (18.6%)
GM $23.52 (45.6%)
HD $26.28 (37.4%)
HON $55.30 (11.2%)
HPQ $43.75 (18.2%)
IBM $103.40 (14.9%)
INTC $19.00 (32.1%)
JNJ $66.29 (3.7%)
JPM $39.59 (25.7%)
KO $60.74 (7.4%)
MCD $52.40 (17.7%)
MMM $74.91 (22.8%)
MO $75.42 (5.2%)
MRK $53.32 (13.5%)
MSFT $33.01 (12.0%)
PFE $22.50 (18.9%)
PG $67.15 (10.7%)
T $36.11 (16.0%)
UTX $68.05 (17.5%)
VZ $39.09 (15.5%)
WMT $47.58 (7.5%)
XOM $85.08 (10.7%)

Avg Dow Stock (21.3%) Not price weighted

Note that if you average the decline of the 30 DOW stocks you find they are, on average, down 21.3% which is why it feels like a bear market to so many.


Kirk Lindstrom's Investment Letter Performance

Followers (New)