The Few, The Proud, The Groups Up Since Election Day

The equity market's decline since Election Day has been the worst ever lame duck period (election to inauguration) for stocks since at least 1900. With today's declines, the S&P 500 has lost 19.8% of its value since the November 4th election. Below we highlight the best and worst performing groups over that same time period. Unfortunately, only 2 out of 65 groups (representing only 5 of the stocks in the S&P 500) are positive since the election.

On the downside, 24 out of 65 groups (38%) are underperforming the overall index since the election. As shown, the woes in the Financials have been extreme, as the five worst performing groups are all from that sector. Will those hoping for a reprieve from the credit crisis under a new adminstration have to wait another four or eight years? Let's hope not.

Source:
Worse Than Deja Vu
By Bespoke Investment Group
January 20, 2009 at 03:42 PM
http://bespokeinvest.typepad.com/bespoke/2009/01/the-few-the-proud-groups-up-since-election-day.html