Monday, August 17, 2009

Early Action

AlphaNinja - Not a fun Monday -> The Nasdaq and S&P500 are down over a percent each, and the DJIA is down almost as much. Some are citing a slightly worse than expected Japanese GDP report as the reason for the drop. The market had a huge run off March lows and may have gotten ahead of itself. Not helping matters is a weaker than expected earnings report from Lowe's(LOW), sending those shares down 9%.

Among winners is Coventry Healthcare (CVH) -> shares up despite the down market, as the "public option" for health care becomes less likely.

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