It Was a Garden-Variety Selloff

 | Apr 25, 2014 | 4:08 PM EDT
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Could have been MUCH worse.

Visa (V), a now-dominant Dow stock, should have been and could have been down so much more with one of its most important markets, Russia, threatening to be taken away from it by an angry Vlad Putin.

Amazon (AMZN) could have led a decline of epic proportions in the beaten-up Nasdaq, but Microsoft (MSFT) and Starbucks (SBUX) intervened.

And with the worries about Ukraine so front and center, you had to be surprised that the industrials, strong all week, only gave up a portion of their gains.

There's plenty to be aghast about. Facebook (FB) did report a great earnings number and it can't get its footing. How can any other Internet-related tech company rally in the face of that?

Celgene (CELG) got multiple boosts today and it was barely up.

The software-as-a-disservice-to-your-portfolio stocks were, again, disservices to your portfolio.

Netflix (NFLX) is giving up its hard-fought gains. Both auto companies continue their slide after Ford (F) delivered a punk number.

Still, I think that we could have been down more just on the worries that a bunch of people will come on television next week and say "sell in May and go away." We could have been down much more if people had actually read the Visa conference call and know how important Russia is to some companies.

Instead, we got a pretty darned garden-variety selloff and not much more than that.

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