|Can someone explain why the NAZ is so vulnerable to credit crisis when NAZ has so little debt? I mean look at the disparity in % value lost here:|
Stocks sold off for a third day, led by more heavy selling of technology shares. The Nasdaq Composite Index sank nearly 2.5% and has lost nearly 7% in the past three days, led by big-cap tech stocks such as Google, Apple and Research in Motion. The Dow industrials fell 223.55 to 13042.74, or about 1.7%, and have lost 4.5% in the past three days. The S&P 500 fell 4.4% during that stretch.
Was this due to the fact that banks and investment banks were heavily loaded with tech stocks and are selling them off for liquidity?