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From Bespoke Investment Group, via Yahoo Finance

CrashCrash
in Off-Topic
The folks at Bespoke Investment Group note that the average stock is now in a bear market:

It’s been a rough year already for the S&P 500 with the index down over 2.5% in just three trading days and set to be down 4.8% YTD at the open this morning. From its intraday high last May through yesterday’s close, the S&P 500 is down 6.8%, which in the grand scheme of things isn’t a huge move. That hole will be considerably deeper at the opening bell, but based on where futures are currently trading, the decline is still not even enough to qualify as a technical correction.

For individual stocks, however, it is a completely different story. …the average distance stocks in the S&P 1500, which includes large, mid, and small cap stocks, are trading from their respective 52-week highs. As of Wednesday’s close, that average was a whopping 24%; that’s bear market territory! Not surprisingly, small cap stocks have been hit the hardest as the average stock in the S&P 600 Small Cap Index is down 27.6% from its 52-week high. In the midcap S&P 400, the average decline is 23.6%. For large cap stocks in the S&P 500, the average decline from a 52-week high is not quite bear market territory, but at 19.9%, it’s pretty darn close.

If this keeps it, the S&P 500 might be joining them soon.

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