Seeing More Light

I have run across to data points that are beginning to make sense of the notion that a selloff in tech stocks could lead to a 250 point decline in the S&P 500. The Wall Street Journal reported today that the class A shares of Google have declined 12% since the 1st of March and that that movement accounts for 8.9% of the movement of the NASDAQ index. This make sense when you remember that the NASDAQ and the S&P 500 are cap weighted indexes and three of the biggest stocks in the NASDAQ...