US stocks fell sharply on Monday, the 1st day of a busy earnings week, as investors fretted about Europe’s debt crisis and the debate over lifting the debt ceiling. For every stock gaining, more than half a dozen fell on the NYSE, where volume neared 218M as of 11 am/EST. Stocks continued their slide after a measure of builder confidence showed a bit of improvement in July, with the National Association of Home Builders sentiment index rising 2 points to 15 in July.
RegMed universe is “looking for the mattress to hide in or under” on 7/18/11 … The NASDAQ is DOWN -39.92 (-1.32%) to 2,749.88. The Dow is DOWN -158.75 (-1.27%) to 12,320.98.
Today’s Sermon: Patience, stocks are short term oversold …
What’s driving the regmed market … A … S L O W … Monday