This is f*k weird. YHOO contributes only 1% in NQ and even 20% drag down by YHOO is well offset by even if only 2% jump by MSFT/GOOG which account for >10% in NQ, what r these f*k idiot sellers thinking?
nasdaq futures down 5.75 now, which is nothing, Im sure tomorrow morning they will be bright GREEN. YHOO should have just settled on $33 a share....
MSFT (should be ?) and GOOG (should be up) are more heavily weighted than YHOO (should be way down) in the NQ. Then, try and factor in a possible overbought condition in the NQ, the dollar, oil, ags, and you end up with ?? I don't know either.
Little panic I see 5-6 points is nothing. It's just volatility, a mild retracement. If it was 20-30 points, then that would be something else, but 5 points, come on, Romper Room, the Wiggles NN
YHOO means almost nothing to the NQ As you can see, from the line numbered 21, YHOO is only 1.098% of the index (as of friday's market cap). GOOG is almost 5%, MSFT is 5.5%.
If YHOO goes down, GOOG can go down because it shows that YHOO or the business is not so hot. At least for the first few days.