Why is Tech Being So Damn Well-Behaved?
The markets are still grouchy today, with Dow off 118 points here at mid-day. Normally this it the point at which I would be chewing my arms off to keep from buying a host of high-beta stocks.But ... I can't help notice that the average Nasdaq 100 stocks isn't really off that much. Over the last three days the Dow has declined a little over 5%, while the median 100 member is off a scant 3.1%. Where's the fun bottom-fishing in that?
Don't people know all about Cisco/Apple/Google/etc.'s sub-prime exposure? 1
