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Bank of America: Technology stocks are only one "terrible non-farm report" away from collapsing.
Since the historical high point on July 10th, the market cap of companies in the Nasdaq 100 index has evaporated $2.6 trillion. Analyst Michael Hartnett of Bank of America believes that signs of an economic slowdown will put further pressure on technology stocks, but remains optimistic on the bond market for the second half of the year.
Unusual Options Activity: NOW, CNM and Others Attract Market Bets, NOW V/OI Ratio Reaches 86.2
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Earning Lunch Money : cool. So we shd b able to see significant progress tmr ?