Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
If I were a poet looking for some metaphor or simile to describe the near majestic decline of the Standard & Chartered (STAN) share price this year, I would chose to compare it to that great fountain fed, monumental landscaped waterfall at Chatsworth House, where the water cascades down in steps from a great height, until it reaches its distant bottom. But has Standard & Chartered reached its bottom at long last?
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