Some Awful Stock Market Behavior

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The headlines of the indices may not be that bad, but there are some ugly carcasses out there in the stock market right now.

A reader sense us the following note…

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Look at this list of companies where their shares plunged on earnings/guidance recently.  This is very concerning action.  This is what hedge funds are talking about in full-force.  Terrible earnings and guidance in diverse industries.  Tech, consumer, and we know commodities are plunging.  Ripple effects will be terrible

HHGreg – 21% drop

Nike – 9%+ drop

Dell – 17% drop

OCZ Technology – 9% drop (after-hrs tonight)

Mako Surgical – 43% drop

Informatica – 27% drop

Cummins – 9% drop

Acme Packet – 14.4% drop

WD-40 Corp – 4.4% drop

Shaw Group – 9% drop

Patriot Coal – Bankruptcy

Alcoa – 4.4% drop when they beat earnings/rev estimate! people need cars but not for long as jobs are about to disappear

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