Dow Jones Industrials Continue Selloff

Endless non-stop selling continues to sink financial markets lower in admist of one of the greatest bear markets in history. Since October 2007, the Dow Jones Industrial Average has sunk 54% off its highs. When will the selling stop? We take a look at each component's move to date and try to come up with a rationale level where we reverse course.

Here is a table of how each Dow component has performed since being off its highs within the last 3 years:

Symbol	3yr hi	3/6/09	 Diff$	 Diff%
==========================================
AA	$48.77	$5.20	-$43.57	 -89.34%
AXP	$65.89	$9.98	-$55.91	 -84.85%
BA	$107.83	$29.84	-$77.99	 -72.33%
BAC	$55.08	$3.12	-$51.96	 -94.34%
C	$57.00	$1.02	-$55.98	 -98.21%
CAT	$87.00	$23.62	-$63.38	 -72.85%
CVX	$104.63	$58.28	-$46.35	 -44.30%
DD	$53.90	$17.16	-$36.74	 -68.16%
DIS	$36.79	$15.92	-$20.87	 -56.73%
GE	$42.15	$6.89	-$35.26	 -83.65%
HD	$43.95	$18.01	-$25.94	 -59.02%
HPQ	$53.48	$26.25	-$27.23	 -50.92%
IBM	$130.93	$85.18	-$45.75	 -34.94%
INTC	$27.99	$12.28	-$15.71	 -56.13%
JNJ	$72.76	$47.78	-$24.98	 -34.33%
JPM	$53.25	$15.50	-$37.75	 -70.89%
KFT	$37.20	$21.59	-$15.61	 -41.96%
KO	$65.59	$38.85	-$26.74	 -40.77%
MCD	$67.00	$51.05	-$15.95	 -23.81%
MMM	$97.00	$41.92	-$55.08	 -56.78%
MRK	$61.62	$22.76	-$38.86	 -63.06%
MSFT	$37.50	$15.24	-$22.26	 -59.36%
PFE	$28.60	$12.55	-$16.05	 -56.12%
PG	$75.18	$45.54	-$29.64	 -39.43%
T	$42.97	$22.54	-$20.43	 -47.54%
UTX	$82.50	$38.14	-$44.36	 -53.77%
VZ	$46.24	$27.10	-$19.14	 -41.39%
WMT	$63.85	$49.41	-$14.44	 -22.62%
XOM	$96.12	$63.49	-$32.63	 -33.95%

The average percentage decline of all 30 stocks is 55% with the most weakest stocks coming from the financial sector (AXP, BAC, C, JPM). Looking at this, it appears there's still a ways to go, perhaps to the 5800 level on a big sell off.

In a previous article Historical Statistics of the Dow Jones Industrials we can look back to September 2008 when the Dow plummeted 777 points.

We could very well be looking at a similar scenario developing over the next few weeks.