It appears a few notable members joined today.

Also, most interesting (or profit taking?) that gold moved down while the USD moved up today as they had been tracking each other quite closely lately. The PPT must be a believer in selective relationships.

Cheers - VHF

-

52 Week Low Club

Douglas McIntyre

March 2, 2009 4:00 pm

Citigroup (C) Still fears of nationalization or a larger bailout. Falls to $1.15. from a 52-week high of $27.35.

GE (GE) Market not comforted that GE’s financial services are is not in trouble. Drops to $7.51 from 52-week high of $38.52.

Pfizer (PFE) Concerns about economic activity spreading to healthcare costs. Down to $11.65 from 52-week high of $22.67.

Microsoft (MSFT) New study shows PC sales will collapse this year. Drops to $15.79 from 52-week high of $32.10.

Ebay (EBAY) E-commerce likely next victim of retail contraction. Off to $10.28 from 52-week high of $33.47.

Schwab (SCHW) No one trading stocks, at least not at a profit. Dips to $11.94 from 52-week high of $26.20.

CBS (CBS) Advertising revenue drying up. Down to $3.85 from 52-week high of $25.

International Paper (IP) Cuts dividend. Plunges to $5.05 from 52-week high of $32.75.

Dow Chemical (DOW) Commodities prices and demand crippled. Sells down to $6.90 from 52-week high of $43.43.

-

Defensive Stocks Hammered Too

John C. Ogg

March 2, 2009 2:15 pm

It’s another rough trading day in the stock market. It is bad enough that the DJIA is down over 3% to decade lows and under 7,000… But even almost all of the defensive stocks are down today. Many of these have been absolutely bashed in recent days and weeks as you will see compared to their 52-week highs.

Symbol Last Change 52WK-HI
PEP $47.13 (-$1.01; -2.10%) $75.25
KO $39.96 (-$0.89; -2.18%) $61.90
TAP $35.84 (+$0.61; +1.73%) $59.51
KFT $22.31 (-$0.47; -2.06%) $34.97
CAG $14.93 (-$0.15; -0.99%) $24.87
CPB $26.51 (-$0.26; -0.97%) $40.85
HRL $31.60 (-$0.23; -0.72%) $42.77
MCD $52.55 (+$0.30; +0.57%) $67.00
MO $15.31 (-$0.13; -$0.84%) N/A “PM”
VGR $11.74 (-$0.67; -5.38%) $19.45
RAI $33.57 (-$0.01; -0.03%) $65.01
PG $47.40 (-$0.77; -1.60%) $73.57
CL $58.47 (-$1.71; -2.84%) $80.49
MRK $23.93 (-$0.27; -1.12%) $45.73
JNJ $48.39 (-$1.61; -3.22%) $72.76
NVO $46.51 (-$1.91; -3.94%) $73.73