Bellwethers Report Disappointing Earnings; Morgan Stanley on the Hunt for Regional Banks; NYT Reports Loss; Pentagon Computers Hacked; FDIC Ready to Replace Pandit; TARP Faces Fraud; Financial Institutions Lost $4.1 trillion; India Cuts Rates

Last week, we published an article by Laura Cadden that anticipated a double-digit spike in shares of Sun Healthcare Group Inc. (NASDAQ:SUNH). The stock has since risen sharply, as positive earnings results combined with a broad market rally. Laura says it’s now time to take those profits off the table.

This from MarketWatch:

Concerns about the impact of the credit crisis and the weak economy will come into sharp focus next week, with investors set for a flood of earnings from ailing financials as well as the technology sector.

Earnings results in focus include financials Merrill Lynch, JPMorgan Chase, Citigroup and Washington Mutual and tech bellwethers Intel and Google.