Nasdaq Sell-Off Gets Scary, AAPL Down Another 8.53%

Anot her bad day for the tech stocks, the decline was orderly but relentlessly steady. The Nasdaq's technical ugliness even ruined the rally on the Dow by the last hour of trading. The media may try to pin the sell-off on Microsoft's downgrade by Goldman Sachs analyst Rick Sherlund, but the damage was due more to an emergent trend--the fundamental re-analysis of value by investors, who increasingly are harvesting their profits from 1999

Check It Out: Nasdaq Sell-Off Gets Scary, AAPL Down Another 8.53%