Techs Showing Some Weakness
Been a while since we've seen some weakness in techs-Juniper and Broadcom down 8 percent, Dell down 7, Hewlett down 5, RIMM down 6, Apple down 3.
Cisco, down 4 percent, put up "good, but not great" numbers, according to one regularly Cisco trader.
Is that enough, given that tech has far outperformed the market since the March 9th bottom?
No. Techs advanced into expectations of a strong second quarter, now the concern is it may not be quite as strong as expected.
In the last couple weeks, even as techs advanced, the big money has been going into financials.