'Nas-decked' -Scott so that was the culprit, just as I figured ,it happens without fail,I don't understand the logic but that doesn't mean a damn thing now does it.<g>
'...A buy-the-rumor, sell-the-news attitude among market participants was at the root of the carnage, the Nasdaq's worst in percentage terms in more than three months.
"People pretty much had anticipated the earnings being what they are," said Bernard Madoff, chairman of Bernard L. Madoff Investment Securities. "And as happens time and time again, unless it's a major favorable surprise, people sell on the news."
"There's no real bids out there, but there doesn't seem to be any sense of urgency to sell, either," Madoff said. "It's more of a lack of interest here...' |
