With a decline of more than 6% in the Russell 1000 during the month of May, it was a rough month for large cap stocks. For some stocks, May's decline alone was enough to put them in their own individual bear markets. In fact, 24 stocks in the index lost more than 25% of their market value in the month of May alone. For stocks like MEMC Electronic (WFR) and Green Mountain Coffee (NASDAQ:GMCR), it looked like things couldn't get worse heading into May, but then they went on to lose another 50% off their already depressed share prices.
Click to enlargeWhile 24 stocks in the index saw declines of 25% or more, there were only two stocks (VRTX & DF) in the index that rose more than 25%. Even expanding the range further to a gain of 10%, only eleven stocks fit the criteria. Heading into June, bulls are now hoping that just as what goes up must come down, what goes down must now go up.