I don't get it. Intel had blow out earnings, Apple is rock en with new IPhone.. Tech has had the best earnings this yr and yet going nowhere What's the deal?
Tech is tied to <a href="http://www.socialnews.biz/tag/Apple">Apple</a>. Once Apple gets the all clear on the IPhone 4, tech will start moving again.
overvalued valuations, you do know you are pay 22 years worth of revenue for your apple stock thats like buying a house with a cap rate of 4% good deal? I think not.
I believe it is time to buy tech stocks now. when (not if) that sector goes up, which will be soon) it will go up 10% in 3 days. Good to put at least some long term investment money in Tech.
1) Tech tends to peak at the end of the decade and decline into the next decade. 2) When stocks shrug off "good" news, be careful. :eek:
I believe this shrugging off good news will be extremely short lived. Less than a week. INTC will rally beyond $24. TXN over $27 and ADI will be in $32.5 range. SMH over $30,.....
Because the PE the markets assign sectors is quite elastic, depending on sentiment and currently thinks the PE's are high enough. APPL has more than doubled since spring 09.