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Current DateTime: 01:04:45 14 Oct 2008
LinksList Documentid: 23371764
    • Identifying Capitulation: How to Tell We've Hit Bottom

        Are we there yet? That's the question on everyone's lips. People are praying for capitulation. We take a look at the charting features that will help to identify, first, the end of the market fall and second, the development of a market recovery.

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Today is the one year anniversary of HSBC's first subprime meltdown related write-down.  HSBC was amongst the first to actually increase write offs due to the subprime mess. 

HSBC [HBC  Loading...      ()   ] is down over 22% since Feb 8, 2007. 

Here are some 1 year stats since Feb 8 2007:

  Change since the start of the Subprime Meltdown
2/8/20072/7/08 CloseChange% Change
Dow12637.612247.0-390.6-3.1%
S&P1448.31336.9-111.4-7.7%
Nasdaq2488.72293.0-195.6-7.9%
S&P Financials504.2371.6-132.6-26.3%
Gold658913.2255.238.8%
Oil59.7188.3128.647.9%
Fed Funds5.253-2.25
2 yr4.872.06-2.81
5 yr4.732.84-1.89
10 yr4.733.77-0.97
30 yr4.844.52-0.32

Top 5 Biggest S&P % Gainers since Feb 8, 2007:

  • CNX  - CONSOL Energy Inc up 118.6 %
  • NOV -  National Oilwell Varco Inc up 100.8%
  • AMZN -  Amazon.com Inc up 92.4%
  • MON - Monsanto Co up 86.8%
  • ESRX - Express Scripts Inc up 79.3%

Top 5 Biggest S&P % Losers since Feb 8, 2007:

  • ABK - Ambac Financial Group Inc down -87.4%
  • CFC - Countrywide Financial Corp down -83.7%
  • MBI - MBIA Inc down -80.5%
  • ETFC - ETrade Financial Corp down -79.8%   
  • CC - Circuit City Stores Inc down -74.3%

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