Only ONE stock in the Dow Jones Industrial Average is up this year. Can you guess which one it is? Look at the graphic below to find out.
As you can tell from the graphic below, the Dow has taken a beating this year. The index itself is down over 35% year-to-date (it’s down 28.75% on a total return basis as of yesterday’s close). Of the 29 stocks that are down this year, NONE are down less than 10% (keep in mind that I’m not including dividends on the individual stocks, which makes these numbers slightly worse than they really are).
How low can they go? And how far down do these stocks have to go before they’re considered bargains? That’s anybody’s guess. Although I’m not calling any of these stocks bargains, I will say that they have to be a lot closer to being bargains than they were at the beginning of the year.
More on this in the future…