The 52-Week Low Club: Merrill Lynch (MER) And Citigroup (C)

AMBAC (ABK) Bond insurance company dropping like a rock on fears that it has huge exposures to CDOs. Down to $21.62 from 52-week high of $96.10.

Security Capital Assurance (SCA) Another bond insurance operation. Drops to $7.59 from 52-week high of $34.58.

MBIA Inc (MBI) The third in the trio of bond insurance firms. Drops to $33 from 52-week high of $76.02.

Merrill Lynch & Co (MER) Big losses and potential SEC investigation. Bad combination. Down to $54 from 52-week high of $98.68.

Washington Mutual (WM) Mortgage broker. Falls to $23.59 from 52-week high of $46.38.

Citigroup (C) Down to $35.52 from 52-week high of $57.

Silicon Image (SIMG) Q3 profit drops by half. Shares fall to $4.30 from 52-week high of $13.77.

Douglas A. McIntyre