In reaction to disappointing earnings/guidance: AAI -20.3%, CNB -19.1%, ANAD -18.7%, ABB -14.9%, AMZN -13.7%, SNE -12.1%, ADCT -11.6% (also downgraded to Underweight at JPMorgan), ACL -11.4%, TEX -10.3%, LRCX -6.3% (also downgraded to Neutral at Credit Suisse), STX -6.3%, DAI -4.9%, PLD -4.7%, BDK -4.5%, NTRI -4.4%, BIDU -3.2%, CS -2.8%, BG -2.1%... Select financials trading lower: BCS -8.7%, AXA -7.9%, ING -7.9% (announces John Hele, Chief Financial Officer, will leave ING as of March 31 2009), STD -3.2%, BAC -2.5%, HBC -2.3%, GS -2.2%, JPM -1.4%, WFC -1.4%... Select oil/gas names showing weakness with crude trading lower: REP -4.9%, PBR -4.1%, TOT -3.0%, BP -2.7%... Select metals/mining names showing weakness with lower spot prices: BHP -8.5% (BHP said to face EU objections to RTP offer - Bloomberg.com), BBL -8.4%, MT -7.6% (Arcelor Mittal reviews $35 bln plan for growth - FT), GOLD -7.1%, RIO -6.4%, AEM -6.2%, ABX -4.8%, NEM -4.0%, GLD -3.2%, AUY -2.0%, AA -2.0%... Other news: CDNS -7.4% (announces accounting review and postpones release of Q3 financial results and webcast; reaffirms the expected third quarter 2008 results; also downgraded to Hold from Buy at Citigroup), EBAY -1.5% (trading down in sympathy with AMZN)... Analyst comments: PCU -7.8% (downgraded to Sell at Goldman - DJ), FRO -6.2% (downgraded to Underweight at JPMorgan), AKS -4.2% (initiated with Sell at BofA), FCX -4.2% (downgraded to Neutral at Goldman - DJ), BHI -1.4% (downgraded to Hold at Stern Agee).