We may not far away from bottom

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.

所有跟帖： 

• 银行垮了或国有了，其他行业也就没钱烧了，怕长期平底 -NewBird- ♂ (0 bytes) () 02/02/2009 postreply 18:08:08

• Even L shape economy can have stock market up somewhat -luxh008- ♀ (187 bytes) () 02/02/2009 postreply 18:19:27

• No, there are limited time for you to figure it out. -daysofreckoning- ♂ (22 bytes) () 02/02/2009 postreply 18:26:34

• Wont not bet on it. -daysofreckoning- ♂ (615 bytes) () 02/02/2009 postreply 18:25:14

• 回复：We may not far away from bottom -duck_donald- ♂ (58 bytes) () 02/02/2009 postreply 20:38:20

• you don't understand now the problem is not in financial -tank- ♂ (61 bytes) () 02/03/2009 postreply 09:35:46