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Most Dow stocks were down more this week than during the week of the '87 crash. As shown, GM was down 45%, AA was down 41%, BAC was down 39%, CVX was down 27%, and AXP was down 25%. Only two Dow stocks were down less than 10% this week: JPM (-9%) and GE (-0.32%). Maybe the most important takeaway is the returns these Dow stocks have had since the '87 crash. Who knows when, but we will go up again.
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With the market down approx 20% in one week...what would you suggest to the small investor...we have been discussing this on Myinvestorsplace.com and would greatly appreciate a professional opinion...thank you in advance..
Posted by: Andrew Abraham | October 12, 2008 at 11:55 AM