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Well it took a little over two-years, but the S&P 500 has just crossed above the level it closed at on the the Friday before the Lehman Brothers bankruptcy. Not everything has been flat over the last two years and two months, however. Of the sixty-five subgroups, 34 are currently up over this period and 31 are down. The charts below highlight the ten biggest winners and losers.
On the positive side, not many would be surprised that internet/tech related groups are well represented, but autos? Who would have thought back in early 2009 that this autos would be the second best performing sub group with a gain of 73.1%?
The chart of losers contains many of the groups you would expect. Thrifts and Mortgages has been the biggest loser with a decline of over 60%. Other financial related sectors include Financial Services (-37.8%), Insurance (-23%), and Commercial Banks (-22%). Given that the financial crisis was rooted in the collapse of housing, housing related groups also made the list with Construction Materials (-39.2%) and Building Products (-32.2%).
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