I'd say look on the bright side, but there wasn't one. It was a bleak, bleak, bleak day. Or changes in the Nasdaq 100. They were full of it. We are in ominous times.
Retail sales stink.
The last time it warned we were mired in a recession. A late-day rally salvaged the major indexes from the day's lows. The Microsoft warning raised fears of lower corporate IT spending, sparking a contagion that spread across the whole tech sector. A tenth of the Nasdaq 100 closed at new 52-week lows. Hardware stocks got hammered the hardest, though.