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Feeling battered by the market? You're not alone.

Posted by Cheryl Costa  November 25, 2008 09:33 AM

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The past few weeks have been a roller coaster ride for the stock market. If you are feeling battered by the market, you are not alone. Perhaps it helps, if only a little, to know that some of the best known names in the investing world are having an awful year as well. According to Yahoo Finance, here is the year to date performance of some of the biggest investing gurus:

Warren Buffet (Berkshire Hathaway): - 43 percent
Ken Hebner (CMG Focus Fund): - 56 percent
Harry Lange (Fidelity Magellan): - 59 percent
Bill Miller (Legg Mason Value Trust): - 50 percent
Ken Griffin (Citadel): - 44 percent
Carl Icahn (Icahn Enterprises): - 81 percent

And if you are feeling dismayed that your S+P 500 Index fund is down 45 percent or more, remember that many individual stocks are down much more. In fact, only 10 of the stocks in the S+P 500 are higher now than they were at the end of 2007. Just ten! And, there are another 10 stocks in the S+P 500 that have declined by 90 percent or more.

Furthermore, some of the worst performing stocks are very widely held. According to a New York Times article published this past weekend, the following stocks are held by the largest number of accounts at Charles Schwab:

Alcatel/Lucent: down 74.6 percent
Apple: down 58.3 percent
Bank of America: down 72.2 percent
Citigroup: down 87.2 percent
General Electric: down 62.2 percent
Intel: down 50.8 percent

This blog is not written or edited by or the Boston Globe.
The author is solely responsible for the content.

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Local finance professionals share insights and advice on issues such as budgeting, managing debt, and retirement planning.

About the contributors

D. Abraham Ringer is a CERTIFIED FINANCIAL PLANNER practitioner and a Financial Adviser with Morgan Stanley Global Wealth Management in Boston. He is registered in MA, NH, NY and several other states to which his articles are directed. For more information please visit
Financial Planning Association™ of Massachusetts has 900 members who specialize in the financial planning process. Many of its members engage in philanthropic pro bono work in their communities, recommend legislation, elevate public awareness, promote financial literacy, and advocate for sound economic and tax policies.
Odysseas Papadimitriou is the founder of, a credit card and gift card marketplace, and, a personal finance site. He has more than 13 years of experience in the personal finance industry, and previously served as senior director at Capital One.

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