Wednesday, February 25, 2009

Ugly Stock Stats From an Ugly Bear

Since the bear market started on October 9th, 2007, the Russell 3,000 has lost $9.58 trillion in market cap, which is more than the index's current market cap of $8.74 trillion.

Of the Russell 3,000's current members:

-- The average stock is down 53.16% during the bear market.

-- Just 4.13% of stocks in the index are up during this bear, meaning more than 95% of stocks are down.

-- A whopping 59% of stocks in the index are down more than 50%.

-- 7.3% of stocks in the index are down more than 90%, nearly twice the number that are in the black. There are more stocks down greater than 93% than there are stocks that are up.

-- 125 stocks in the index are trading for under $1/share, while just 20 are trading for more than $100/share.

-- Nearly half (46%) of the stocks in the index are trading for less than $10/share.

Below we highlight the best and worst performing stocks during the bear market that are currently in the Russell 3,000. If you're looking for relative strength names, stocks that have managed to book gains when the average stock is down more than 50% are a good place to start.


Aside from the companies that have gone out of business, 7 stocks currently in the Russell 3,000 are down more than 99% -- AIG, SPSN, FNM, FED, FRE, CHTR, and GGP. There are some big names on the list of biggest losers below. Las Vegas Sands (LVS) is down 98.26%, going from $134.95 on 10/9/07 to its current price of $2.35. Shoemaker CROCS (CROX) is down 98.08%, Ambac (ABK) is down 98.54%, Avis Budget (CAR) is down 97.91%, and Lear Corp (LEA) is down 97.76%. We couldn't fit all 205 stocks that are down 90% or more on the page, but others include Bank of America (-91.63%), General Motors (-93.71%), Citigroup (-95.3%), and Sirius XM Radio (-96.25%).


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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.