Tech Stocks Face Real Trouble

Sure, IBM (IBM - commentary - Cramer's Take) will keep hyping its stock, and I don't think HPQ is doing badly. How low can Texas Instruments (TXN - commentary - Cramer's Take) go? It is so long-term cheap. Nokia's (NOK - commentary - Cramer's Take) having a decent quarter. EMC's (EMC - commentary - Cramer's Take) quarter is OK, but it does have VMware (VMW - commentary - Cramer's Take), which, unfortunately, is not doing that well despite the hype.

But they can't exist in a vacuum. There's not enough here to warrant further rallying.

I want to be careful of this group. The negative pin action could be swift and there is no great secular trend, like food shortage or oil or ethanol or Chinese building to keep things rolling along.

Random musings: If Kerry Killinger stays on when TPG does the recap of Washington Mutual (WM - commentary - Cramer's Take), I would short the stock.

At the time of publication, Cramer was long EMC.

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