An annoying question to be sure but let's review the bidding. The market has been going up for the past several years on the strength of the energy and housing sectors kind of dragging everything else along with them. That's because energy and housing as industries cross a whole slew of other sectors in a huge way. Don't believe me - you can't build a house without a nail you can't make a nail without energy. If energy costs go up - nail costs go up - house costs go up. While profits at the nail makers don't go up they at least don't go down as long as there is a huge nail market out there (i.e. housing).
In the meantime all of the so-called and self-proclaimed market professionals are crying about tech this and tech that and you can't have a bull market without tech. But we did.
Now energy and housing are taking a breather and, guess what, suppressed tech, forgotten tech, you can't have a blah blah without it tech is coming into the picture.
The cheapest stocks in any sector is in tech. So what do you think is going to happen? That's right funds are rotating out of energy and housing and into tech.
So where should you put your money?
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