A whole constituency of investors are now saying that tech will lead us out of this deep recession. I know that tech hasn't been hanging around. The major indexes for too long but I seem to recall 2 points of interest. First, sentiment was very bullish just before the bubble burst millenial year. Second, tech had a really nice run 06 and 07. To me that says that tech is a trailing indicator. Companies only upgrade when they have cash to blow. Technological genius is glorified only when it is scaled with buko bucks. Weird how when Bill Gates stated that MSFT was not immune to current market conditions and then sold 3 mil shares to put his stock where his mouth was, people started recommending Microsoft. That laggard, he is so behind the times.
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