We may not far away from bottom

来源: 于 2009-02-02 17:57:29 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

Dow has 4 financial stocks: C, BAC, JPM and AXP. Even all of them go to zero, Dow can only lose 400 points, 5% of its value.

In sp500, all the financial stocks make up only about 2%. So, all of them go to zero, sp500 can not go down much.

Although I am very bearish on US stock market, I still believe financial have some residue values.

So, how low can the stock market go down? I will say not much.