Nasdaq is sinking

Actually, the WSJ is using the word "plunging." Tech issues, which had been holding up pretty well in this topsy-turvy goose-pimply market, are really taking it on the chin. Even Google is getting hit, down more than 5 percent. Cisco's disappointing earnings apparently got investors spooked this morning - along with CEO John Chambers speaking of a "dramatic"' decline in sales to automobile and financial companies. The numbers were actually in line with analysts expectations, but Wall Street likes to see a company like Cisco do better than that. Well, what's the use in pussy-footing - they're just looking for any old excuse to sell. Here's a Bloomberg story.