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% |
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