Market this Thur 11/8

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Selling pressure pushes the indices lower, as the financial (-2.3%) and tech (-4.5%) sectors continue to lag. Dow Jones reports that Bernanke believes $150 billion in eventual subprime losses are 'in the ballpark.'

Storage stocks:

* Brocade is down 85 cents, or 9.3%, at $8.32.
* QLogic is down 30 cents, or 2%, at $14.79.
* Emulex is down 47 cents, or 2.4%, at $19.26.
* EMC is down $1.98, or 8.9%, at $20.26.
* Network Appliance is down $2.45, or 8.4%, at $26.69.

Networking stocks:

* F5 is down $1.87, or 5.2%, at $33.86.
* Riverbed is down $3.70, or 11.6%, at $28.25.
* Juniper (JNPR) is down $1.64, or 4.8%, at $32.48.

Contract manufacturers:

* Flextronics is down 39 cents, or 3%, at $12.85.
* Celestica is down 24 cents, or 3.4%, at $6.89.
* Smart Modular is down 26 cents, or 3.2%, at $7.89.
* Jabil is down 92 cents, or 4.4%, at $20.05.

Other major enterprise tech players:

* Oracle is down $1.79, or 8.1%, at $20.31.
* IBM is down $4.56, or 4.1%, at $106.52.
* Symantec is down 18 cents, or 1%, at $17.11.
* SAP (SAP) is down 85 cents, or 1.6%, at $52.32.
* Hewlett-Packard (HPQ) is down $3.03, or 5.9%, at $48.79.

[ron]

Big name tech issues displaying large intraday percentage losses as the NASDAQ 100 index approaches a 100pt loss VMW -12.0%%, RVBD -11.9%, RIMM -11.45%, BIDU -10.0%, MSTR -10.0%%, CSCO -8.25%, AAPL -8.2%, SNCR -7.9% BCSI -7.1%, GRMN -6.15%, GOOG -6.35%, JNPR -5.65%, AMZN -5.0%.

[ron]

Broad-base selling continues with Dow off its intra-day lows currently at 130.20, Naz -73.21 rtq...13,175.16 2,677.15 rspctvly.

[ron]

major indices are off their lows, but continue to post substantial losses. The S&P 500 Retailing Index (-2.2%) is a laggard following unimpressive October retailing same-store sales....Dow -135 Points, Naz -72.26 rtq.

[ron]

after a mixed first hour+ with the major indices failing to make a successful attempt at recovering from Wed's sell-off, we saw the downward selling pressure continue once again with Dow reaching over 200 Points to the downside, while Naz keeps extending its losses to current -90.87 Points, rtq.... w/just over an hour left in the market today, there's potential for a small recovery rally above the mid-day reactionary highs, but .....then again, why should it - panic plan been performing quite efficiently so far