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.
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