Larry Wachtel Technology Quotations

I think the Dow is going to be under a little bit of short-term pressure, particularly with technology under a bit of a cloud. But I see it as a temporary situation.

The popular indexes have managed to reach 4 1/2-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.

The popular indexes have managed to reach 4-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.

Earnings statements will make or break the market this week. I'll be watching the reports coming from some of the technology names, because I think that sector may lead the way this year.

In technology, I think the semiconductors, semiconductor equipment makers, and the companies that sell you electronic gear look attractive.

Clearly, the gulf between technology and the rest of the market was so wide it was impossible to sustain. And there had to be a correction somewhere and the correction is under way.