factors for mdt's retrace

Just reading the day trade diaries and market wrap up by highlandlad.

I have cut this qoute from his comprehensive market wrap up

"In the US, there were significant falls for banks (6%), REITs (5.5%), gold/silver miners (7.5%), oilers (4.5%) and airlines (5.5%)."


US REITS retraced 5.5%.

Sure 5.5% is about 1/4 of the drop that MDT has suffered (approx 20% + or -), nonetheless MDT's properties are in the US.

My point being that buyers and holders could have been spooked out of the REITS this week based on the US falls, and exacerbated by the no div announcement and property sale.

With a volatile market and a quality but volatile stock such as MDT, I figure all of these combined to form somewhat of a perfect storm in trashing its SP.

Just my 2c worth. I'm an amatuer investor and by no means know what I am talking about.

I hope my ramblings make sense to some of you