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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (187739)3/2/2009 5:03:53 PM
From: ChanceIsRead Replies (5) of 306849
 
>>>The losers:
General Motors, down 95%
Citigroup, down 89%
Bank of America, down 86%
Alcoa, down 63%
DuPont, down 63%
General Electric, down 52%<<<

I don't get it. Alcoa and DuPont are good companies which produce things of value. The rest tied their fate to the finance scams. Especially GM and GE which got away from their core.

Please tell me that Alcoa and duPont weren't originating mortgagges. My faith is already sufficiently shaken.
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