Nasdaq down almost 350 (more than 7%)One has not dropped much considering Nasdaq losing more than 7%.
However, investors may not flee to "safer, less riskier stocks". This may not bode well for any tech stock, no matter how good the future prospects.
Bank stocks with their billion dollar plus profits should rise in next few days.
Also, look at the rise today in RJR Reynolds with that attractive 18% dividend and P/E ratio less than 1. Investors are buying up the low P/E stocks now.
Just my two cents worth......