- The First Tradable Rally In Three Weeks
- Stock "Circuit Breaker": Will There Be One?
- Was That The Bottom?
- Watch Value Of Credit Default Swaps Backed By Lehman Bonds
- Uncertainly In Credit Markets Just One Of Key Issues
- Street Despair: No Visibility of Earnings
- Traders Find Their New "Nirvana"?
- Short Sale Ban On Financials Is Over: Make A Difference?
- Paulson To Blame For Late Sell-Off? Read This First
- Why Stock Traders Are Fixed On Bond Market
- Bowyer: Mark To Market Still Lives (Unfortunately)
- Mad Mail: Why Not Shut the Market Down?
- Lightning Round OT: AFLAC, Valero and More
- Lightning Round: Chesapeake, Corning, J&J and More
- Cramer: What’s the Worst-Case Scenario?
- Game Plan: The Crash of '87 Scenario
- Cramer’s Double Secret Borrow-Binge Plan
- Your First Move For Monday October 13th
- History In The Making
- Three Dairy Firms Apologize for China Milk Scandal
- Santander in Talks to Acquire Sovereign: Source
- Leaders Pushes Plans to Support Banks, Fight Crisis
- Asian Markets Regain Footing, But Investors Are Cautious
- 'Chihuahua' Bites Crowe, DiCaprio at Box Office
- GM Held Talks With Ford Before Turning to Chrysler
- Markets to Fall 20% More at Most: IMF Economist
- G.M. and Chrysler Explore Merger
- Stock Market Crisis: Nation's Mayors Sound Off
More Videos
Text Size 
Mr. Bernanke's somewhat downbeat commentary on the economy is sending stocks to their lows for the day. In particular, the most vulnerable group--financials, are again under attack. Fannie Mae [FNM
Loading...
()
]and Freddie Mac [FRE
Loading...
()
]both down more than 20 percent, but other large financials like Citigroup[C
Loading...
()
] and AIG[AIG
Loading...
()
] are down 9 and 11 percent, respectively.
Large industrials like Cummins[CMI
Loading...
()
], Honeywell,[HON
Loading...
()
] and CSX[CSX
Loading...
()
] are also weak.
The NASDAQ has also hit a new two year low.
If this continues, we are heading toward a 90 percent downside day, where 90 percent of the volume is on the downside, one of several that have occurred in the past few months.
As a result of the battering in financials, healthcare stocks this morning have passed financial stocks in terms of their weighting in the S&P 500. Here's the weighting of the four largest sectors:
Techs 16.6%
Energy 15.9%
Healthcare 12.9%
Financials 12.8%
related content |
Questions? Comments?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes