Post-Election Stock Massacre

The average stock in the S&P 500 is down 18.49% since just last Tuesday.  And nearly 40% (195 stocks) of stocks in the index have lost more than a fifth of their values since then.  Currently, almost 20% of the index is made up of stocks trading for less than $10 per share, and 28 are trading less than $5 per share. 

Below we highlight the 25 worst performing stocks since the election.  As shown, General Growth Properties (GGP) is down the most since the election, declining by 92%.  Genworth Financial (GNW) has been the 2nd worst with a decline of 82%, followed by PLD, ACAS, DDR, S, CIT, GT, CBG, and GM.  Just 11 stocks in the index are up since the election.  They include UST, ROH, FDO, SUN, ADM, TAP, KG, and HPC.

click to enlarge

Comments

[MHS:]

The economy is bad enough and earnings are certainly being lowered but the uncertainty of what an Obama presidency will bring is a real overhang. It is hard to belly up to the window when you don't know if the rules will be changed or the government will decide which companies are winners and losers.

2008 Nov 13 11:11 AM

[Mister Moose:]

This is a necessary element in a bubble cycle. I give it till early 2010 to find a bottom. I'm buying staples such as P&G, J&J, and Microsoft

2008 Nov 13 12:25 PM

[Kunst:]

It would have been very interesting if you had also told us which stocks have done best in that time period.

2008 Nov 13 12:35 PM

[Gaucho:]

I think that you backhanded slap against Obama is BS. For example GGP went from over $60 per share to below $1.00 per share during the Bush administration. AND NOW it drops from around 1 dollar to 36 cents since he was elected and you blame Obama.

Most of your posts are useless statistics and this one is worse than useless.

I would hate to see how much money you have lost for people.

2008 Nov 13 12:43 PM

[cabear:]

This morning I heard Dodd threatening to "punish" banks if they don't start lending. With this kind of talk why wouldn't investors run for the exits.

And Obambi and his economic "dream team" have already made it clear that no bailout is too big - so the autos, airlines and newspapers can start lining-up. Expect trade protectionism just around the bend. Main Street thinks it's good for them.

So he's already off to a smashing start on the economic front and I guess the next 4 years will be a repeat of the last 8 after all.

2008 Nov 13 01:06 PM

[Old Rick:]

Get some thicker skin there Gaucho. All that was reported was fact. It is up to you the reader to determine what the facts mean and how the facts affect you. I did not see Obama's name mentioned in the story. Don't shoot the messenger!!

2008 Nov 13 01:10 PM

[Thomas J. G...:]

This article evades the obvious question. Is the market reacting negatively to the Obama election? Would the Dow be 10,000 if McCain got elected? When Clinton got elected I over reacted so I'm cautious this time. But Obama does not appear on the surface to be positive for investors (raise dividend tax, raise capital gains) plus his apparent favoritism to government intervening actively in private sector matters. It could be more than just the election. Obama looked like he was in the lead since the end of the Republican convention so you could say October was a response to a turn away from free market policies. Real estate bubble burst, financial panic, heavy gov't intervention by a Republican president, then a large win by people who feel only the gov't can fix economic problems even though the gov't creates no wealth. Is that worth a 7,000 point drop in the Dow?

2008 Nov 13 09:16 PM

[Godzillon:]

Its sad to see how much anger the Democrats still have..... They won the election!!! McCain pledged full support.... Most Republicans I know, even the Skinheads are pledging to give him support. For the last eight years on a Daily Basis I have heard nothing but complaints about BUSH from the Dems and I have just shrugged it off as a dissenting opinion.... But now that the Dems, have power you would think the table would turn... But nope!!! There is still huge amounts of anger in the Democratic ranks, and OMG if you dare raise a dissenting opinion towards OBAMA!!! You better watch out his secret police might show up at your door and drag you off to some internment camp or something. I bought two .45 ACP's and 10,000 rounds of ammo the day after OBAMA Election, and with every paycheck I will continue to buy more ammo. Cause if the democrats don't change there tune soon, I feel it might be time for another CIVIL WAR...........

2008 Nov 16 03:36 PM