AMBAC (ABK) Bond insurance company in a bad periiod for bonds.Earnings move to a loss. Drops to $49.05 from 52-week high of $96.01.

Merrill Lynch (MER) Pitiful earnings. Drops to $61.40 from 52-week high of $98.68.

Discover Financial Services (DFS) Second-rate credit card company. Downgraded by Lehman. Falls to $17.79 from 52-week high of $32.17.

Freddie Mac (FRE) Mortgages, plain and simple. Down to $49.47 from 52-week high of $71.92.

Inphonic (INPC) Still trying to find a buyer in troubled times. Down to $.33 from 52-week high of $14.49.

Douglas A. McIntyre