Just the facts, just the facts

Tech Selloff Shows Market Wanted More Than a Quarter Point

Hey Eric,

It would nice if you didn't get both your facts wrong in a two statement story. The market didn't want or demand a half point cut. The market wanted some comforting comment regarding an economic slowdown vs. inflation. It got an inflation comment.

Second, tech stocks are flashing red because institutions sold those stocks following the wave of selling of financials which had run up in the week previously. What else could they sell that has large profits? Housing stocks? - oh yeah, those were being sold in the first wave with financials.