After playing second fiddle to the DOW and S&P 500 last year, technology is attempting to regain its status as top dog. Looking at the NASDAQ’s top performers to date causes flashbacks from the good old days: Yahoo +15.3%, Sun Microsystems +11.8%, Apple +11.5%, Google +9.7%, Intel 9.3% and Dell 6.1%. Google wasn’t around, but I owned all the others in the late 90s. Maybe I should forget this commodity stuff and load up on tech. As tempting as it is, the second time around is never quite like the first time.   I may dabble around with the Qs, but I will stick with the horse that brought me here. However, I do want a iPhone.
Matter of fact, Gold proved this week that all of its double digit moves are not to the downside. It closed up $13 on Friday.  For the week Gold, Silver and Cooper were up 3.3%, 1.5% and 2.7% respectively. Oil still can’t figure out which way is up closing down 4.3% for the week.
Let’s review our stocks.
Continue reading “Week in Review 1/12 – What’s Up With Technology?”