Wall Street plunged further & the 10 millionth iPhone failed to stimulate Apple’s stocks

Today is a very depressing day for tech blogs and tech geeks. Some tech blogs that I have visited earlier today spoke of the shocking fall of key tech stocks such as Microsoft, Apple, Google and Yahoo even though US government recently passed that multi billion dollar bailout plan.

What’s going on?

What is most interesting to me today is the report that said Apple has sold more than 10 million iPhones this year, achieving their target months before the end of the year. Despite achieving its target, Apple’s stock continues to dive further!

I wonder what is happening with Wall Street and tech stocks at the moment. I also like to ask the same questions that have been asked by Erick Schonfeld from TechCrunch earlier today:

Does this signal a buying opportunity, or are investors better off running for the hills? Who is buying (or selling) what out there?

Source: TechCrunch

Related Links:

Tech Stocks Take It On The Chin As Market Continues To Freefall
Apple hits 10 million iPhone goal early — its stock fails to notice
Rumor: Apple has sold over 10 million iPhones