There's nothing like a long losing streak to scare investors, and today's market action did nothing to allay those fears. With a 31-point drop, the Dow Jones Industrials
Today's weakness in the tech se ctor highlights the tug-of-war between weakness and growth, as the Nasdaq Composite
From a longer-term perspective, what's clear is that investors aren't giving these companies full credit for being able to innovate their way toward future growth. Despite tech venture capitalist Marc Andreessen's assertions that Cisco and Microsoft are undervalued, Fool analyst John Reeves notes that even well-established firms have found it impossible to keep up with changing times in the technology space.
What may be behind tech's uncertainty is simply the need for Intel, Microsoft, and Cisco to find customers willing to spend money. In a questionable economy, businesses and consumers alike prefer to put off making spending decisions. But when broad-based economic growth finally comes, then the pent-up demand could send tech companies soaring.
Put on the rally caps
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