One Bad Tech Spoils the Bunch

If you had told me that Vishay (VSH - commentary - Cramer's Take) could destroy a nascent tech rally, I would have said that you had to be out of your mind. The capacitor company just isn't that important.

But this morning's distinctly disappointing report from this maker of the nuts and bolts of technology is kiboshing a lot of solid work that was done over the last few days by the likes of Scientific-Atlanta (SFA - commentary - Cramer's Take), Ingram Micro (IM - commentary - Cramer's Take), Molex (MOLX - commentary - Cramer's Take) and Skyworks Solutions (SWKS - commentary - Cramer's Take). It even trumped whatever positives Tyco (TYC - commentary - Cramer's Take) had to say about its connector company, AMP.

To me, this is just more of the data-point hell that we are all so used to. The last company says something good, we get the spike up in the QQQs (QQQ - commentary - Cramer's Take) and everything gets dragged along. The last company says something bad and we take out our wrath throughout the hardware and software sectors. Is it any wonder that KLA-Tencor (KLAC - commentary - Cramer's Take) stopped going up, given that Vishay said bad things? It's because of that kind of chatter.

One of the reasons I can't stand technology stocks -- I just hate them now, with a couple of notable exceptions like Microsoft (MSFT - commentary - Cramer's Take) -- is that they are so easy to knock down. The journalist/analyst/short-seller complex works extra hard at extrapolating anything that is said across multitech platforms.

Think about it. Did you hear anyone say "Wow, get a load of that Adobe (ADBE - commentary - Cramer's Take) number; that has to be bullish for personal computers"? Nah, instead it's "Vishay stunk, they must all stink." Easier game.

I don't mind it. With the exception of Unocal (UCL - commentary - Cramer's Take), I play it in the oil patch: What's good for Halliburton (HAL - commentary - Cramer's Take) is good for Houston Exploration (THX - commentary - Cramer's Take)!

It's just a fact of life right now. Bucking it only makes you beleaguered and kills whatever meager performance you might have.

So be it.

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At the time of publication, Cramer was long Halliburton and Houston Exploration.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to [e-mail]. Listen to Cramer's RealMoney Radio show on your computer; just click here. Click here to buy Cramer's latest book, "You Got Screwed!" Click here to order Cramer's autobiography, "Confessions of a Street Addict."