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 Technology Stocks : Microsoft Corp. - Moderated (MSFT)

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From: John F. Dowd11/10/2007 8:40:57 AM
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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?
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