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.