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Steep losses from Highs

Tuesday, 30 Sep 2008 | 11:18 AM ET

According to Birinyi Associates, since the end of World War II in 1945, the Dow Industrials has suffered through 13 bear markets (defined as declines of 20% or more from a high). The average performance during those bear markets is a decline of about 28%.

After taking into account Monday’s plunge, the Dow Industrials is now down 27% from its October 2007 high. The S&P 500 and the Nasdaq Composite have fared a bit worse, declining 29% and 31% from their respective highs last October. Take a look at how some of the other major U.S. indices and sectors have performed since their 52-week high (including Monday’s fall):It's been a rough twelve months. The Dow and S&P are looking to have their 4th straight quarter of declines, something not seen in years. Here is a preview of the quarter end stats and the winners and losers to date.

Major U.S Indices: % from 52-Wk. High Date of High

  • Dow Industrials -27% October 2007
  • Dow Transports -18% May 2008
  • Dow Utilities -23% January 2008
  • S&P 500 -29% October 2007
  • Nasdaq Composite -31% October 2007
  • Russell 2000 -22% October 2007

S&P 500 Sectors:

  • Financials -50% October 2007
  • Telecom -37% October 2007
  • Technology -33% October 2007
  • Materials -32% May 2008
  • Energy -31% May 2008
  • Industrials -31% October 2007
  • Consumer Discretionary -29% October 2007
  • Utilities -26% December 2007
  • Healthcare -20% December 2007
  • Consumer Staples -9% December 2007

Major Sector Indices :

  • Airlines -57% October 2007
  • Brokers -54% October 2007
  • Insurance -53% October 2007
  • Banks -47% October 2007
  • Healthcare -42% January 2008
  • Semis -42% October 2007
  • Natural Gas -38% July 2008
  • Oil Services -38% July 2008
  • Gold Stocks -37% March 2008
  • Oil Stocks -33% May 2008
  • Cyclicals -31% October 2007
  • Retailers -30% October 2007
  • Housing -27% October 2007
  • REITs -26% October 2007
  • Defense -21% October 2007
  • Drugs -21% December 2007
  • Consumer -16% December 2007
  • Biotech -14% August 2008

International Indices have not fared much better since their 52-week highs:

Major Intl' Indices (America):

  • Brazil -37% May 2008
  • Mexico -27% October 2007
  • Canada -25% June 2008

Europe

  • Russia -52% May 2008
  • France -33% October 2007
  • U.K -28% October 2007
  • Germany -28% December 2007

Asia Pacific

  • China -62% October 2007
  • Hong Kong -45% October 2007
  • India -40% January 2008
  • Taiwan -43% October 2007
  • Singapore -41% October 2007
  • Japan -36% October 2007
  • Thailand -34% November 2007
  • Australia -32% November 2007
  • Malaysia -34% January 2008
  • South Korea -31% November 2007

Comments? Send them to bythenumbers@cnbc.com

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