I focus on the problematic 6 stocks in DOW and give them good faith estimation based on AIG/FRE/FNM outcomes. and I assume the rest 24 stocks will be dragged down 10%,15%, 20% when those 6 problematic ones are resolved. The nadir might be around 5250. if Fed intervene by buying stocks like HK did before, the nadir could be around 5900.
current price total 6626.94 0.125552709 832.0302694
From To
Problematic 6 in DOW C 1.03 0.45
BAC 3.13 1
GE 7.06 5
GM 1.45 0.45
AA 5.22 2
AXP 10.26 7
subtotal of above 6 28 15.9 Final Dow
remaing 24 804.0302694 683.425729 assume 15% off 5569.977219
remaing 24 804.0327 723.62943 assume 10% off 5890.190948
remaining 24 804.0327 643.22616 assume 20% off 5249.796402