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The Blue-Chips Are Killing Performance

By Jim Cramer

 About this article:
 Household names = household destruction. That's what it feels like, and that's what I think is really hurting the psyche of investors, not just the terrible returns of their mutual funds. The owned stocks, put simply, are often the worst hurt. When you think of Alcoa and International Paper and Goodyear , you are thinking about bedrock companies that have been obliterated by this economy. When Alcoa reported, it was awful, and you knew it would not be able to get back to double digits. But this is a stock I always thought of as a minimum of $30. Same with Goodyear -- just locked in a range. IP always delivered something decent -- not great, but decent -- and it, too, seemed $30-$40ish to me. We are littered with stocks that have had a total complete and utter breakdown. What the heck is GM...

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