1984 All Over Again (ETFs: SWH, XLK)

The market strikes me as still like 1984 with big-caps (CAT, BA, MMM and so forth) taking the lead while tech sectors go flat. When important tech companies like MSFT report negative news and the overall sector rallies, you know where momentum rests—with the bulls (DBA, “Da Boyz

Comments

[Internet2k4:]

On Mr. Fry's topic, I'm confused by the distinction between size ("big-cap") and sectors ("Technology"). There are some big-caps in the Tech sector these days. Also not too clear on the 1984 scenario, which may well have been a big-cap market, but certainly didn't include any software or internet Techs. My recollection is we were somewhere between 8-track tape decks and invention of the VCR (?)

2006 Mar 23 02:26 PM