Below we highlight the year to date performance of the 10 S&P 500 sectors with just 6 trading days left in 2008. As shown, Financials are by far the worst with a decline of 57.9% this year. Financials are followed by Materials (-47%), Technology (-44%), and Industrials (-43%). The other 6 sectors are actually outperforming the S&P 500 as a whole, which is currently down 39.8% this year. The Consumer Staples sector has held up the best this year with a decline of 19.4%.
click to enlarge
In the Russell 3,000, just 312 stocks are up year to date, while nearly 4 times as many (1,172) are down more than 50%. Below we highlight the 30 best performing stocks in the index year to date. As shown, Emergent Biosolutions (EBS) is up the most at 401%, followed by Star Scientific (STSI) (322%), Crawford & Co. (CRD.B) (205%), and Idenix Pharma (IDIX) (145%). There are hardly any notable names on the list of winners, with probably the most recognizable names being Dollar Tree (DLTR), Finish Line (FINL), and Panera Bread (PNRA).
2009 at least has one thing going for it -- it's going to be extremely hard for anything to be worse than 2008.