cramer says better to be in the homebuilders than tech, is this guy for real. I would buy tech over homebuilders any day of the week.
Not the Time to Buy Tech
By Jim Cramer
About this article:
You want an untold story? How about the underperformance of tech, despite the endless attempts of people to try to flog the story as a major part of the bull market of 2007? In fact, it would be better to be in the homebuilders or the cyclicals; these are the fantastic performers of 2007. Same with the oils. I would take the steels over the semis any day of the week. Check out the SOX and the Semiconductor HOLDRS, the tech bellwethers. They peaked at the beginning of the year and haven't come near taking out their highs. Why is that? I would emphasize that we are right at the seasonal change of heart for tech and you aren't going to get the outperformance you are looking for from this group.