Tech Strength? Where?

The "strength of tech." I hear it, you hear it. The "resilience" of tech -- another one I hear.

What are these people talking about? There's Apple (AAPL - commentary - Cramer's Take) and Qualcomm (QCOM - commentary - Cramer's Take). What else?

Look at where Microsoft (MSFT - commentary - Cramer's Take) is. Cisco's (CSCO - commentary - Cramer's Take) just going down every day. Google (GOOG - commentary - Cramer's Take), which I like very much, is one step forward and a step and a quarter back. Can someone tell me where they see strength in the semis? I tend to look at Intel (INTC - commentary - Cramer's Take) as a bellwether and at Applied Materials. Research In Motion (RIMM - commentary - Cramer's Take)? Autodesk (ADSK - commentary - Cramer's Take)? Citrix (CTXS - commentary - Cramer's Take)? Lam Research (LRCX - commentary - Cramer's Take)? KLA-Tencor (KLAC - commentary - Cramer's Take)? Nope. Not there.

Where is this strength? Show it to me? I want to see it?

How about the Big Board stocks? Texas Instruments (TXN - commentary - Cramer's Take)? National Semi (NSM - commentary - Cramer's Take)? Seagate (STX - commentary - Cramer's Take)? Maybe Analog Devices (ADI - commentary - Cramer's Take)? Hewlett-Packard (HPQ - commentary - Cramer's Take)? EMC (EMC - commentary - Cramer's Take)?

It's too ridiculous to be believed.

We have to recognize that the strength is relative, versus the housing and auto and banking sectors.

Otherwise, I just have to tune it out.

I might start believing it if I keep hearing it, even though it is obviously and empirically not true.

At the time of publication, Cramer was long EMC.

ALL JIM CRAMER BLOG ENTRIES | POST A COMMENT | READ COMMENTS  

---

Jim 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. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.