A tepid report on housing starts sent stocks into a tizzy and major indexes slipped from their year highs as solid earnings reports from Apple Inc. to Caterpillar were overlooked by anxious investors.  A rebound in dollar from its 14-month lows also added to the downward pressure and hurt commodities, sending energy and material shares lower. 

Weakness in share sent Treasury prices higher, with the 10-year closing up 13/32, to 102 11/32.  The yield fell to 3.34%, from 3.39% late Monday.  On Tuesday, the 30-stock Dow Jones industrial average fell 50.71 points, or 0.50%, to 10,041.48.  The broad Standard & Poor's 500-stock index retreated 6.85 points, or 0.62%, at 1,091.06 and the tech-heavy Nasdaq composite index lost 12.85 points, or 0.59%, to 2,163.47.  Market breadth was negative.  On the New York Stock Exchange, declining shares beat those that rose in price two to one on volume of 1.24 billion

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SanDisk Corp. (NASDAQ:SNDK) shares have lost 22% already today after missing estimates and worse yet, announcing they 'may sell more stock' as their cash supply dries up.  Well hold, up, I"ll buy that for a Dollar!

SanDisk is the largest maker of memory cards for digital cameras (give it a few days, they could lose that title).  Chief Financial Officer Judy Bruner predicted first-quarter sales of $475 million to $575 million, compared with an estimate of $631.9 million in a Bloomberg survey of analysts. After posting a $1.86 billion loss last quarter, SanDisk said it may try to raise as much as $500 million in the share sale. Just wait for the downgrades to come in, today Caris & Co. dropped their target price to ...

SanDisk Corp. (

SanDisk Corp. (SNDK) reported disappointing Q3 earnings results due to negative product gross margin and excess inventory. We expect the company's earnings losses will be followed in 2009 even with substantial cost cutting and restructuring efforts.We believe pricing is likely to remain weak until demand improves, which is not likely until the consumer spending picture strengthens. As such, we are reducing our estimates for 2008 and 2009.We believe there is risk of further downside and do not expect any meaningful improvement in 2009. We therefore maintain our Sell rating on SNDK shares and lower our six month price target to $5.00.Read the full analyst report on SNDK "SNDK" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Hmm... here I thought we were positioned well for a big up day, having cut back our short exposure and getting quite long Friday. How very wrong. Always interested on days like this when we are trailing the market so badly to see what is winning and what is losing - below are the best and worst performers of the S&P 500 Best - Banks & Homebuilders - and home related (Masco/Lowes/Whirlpool) Symbol Company Name % Price Change Today STI SunTrust Banks Inc 7.8 KBH KB Home 7.7...

Can it get any worse for SanDisk Corp. (NASDAQ:SNDK) shareholders?  Today analysts slammed rumors of a takeover by hard-drive maker Seagate Technology and brought shares less than $3 from their 52-week low closing at $15.84 a share. SNDK is moving up 2% after hours, but today's 10% decline has battered the already beatup flash memory chip maker. More from Barron's Blog: Citigroup analyst Craig Ellis today that says 2009 earnings estimates are in jeopardy for SanDisk Corp. because contract ...