NEW YORK (TheStreet) -- Just as it was in the 1970s, 1980s and 1990s, the current recovery has begun with technology.
Technology, whether in the form of an iPad or a Google (GOOG) cloud, is in the end just a tool. It's a means to an end. The end, in this decade, will be new products and services that transform our cities and the way we live.
Cloud technologists like Jim Whitehurst of RedHat (RHT), technology publishers such as Tim O'Reilly and venture capitalists including Vinod Khosla have been saying this for some time. A host of new industries, which use the products of today's technology as an input -- just as earlier booms used commodities like steel as an input -- are emerging all around America.The 3-D printing revolution, companies like 3D Systems (DDD) and Stratasys (SSYS), are emerging first. They hold the promise of producing custom goods at the same cost as mass-produced ones. Those companies, too, are just making tools, and it may be that the biggest winners from their rise will be their customers -- who will transform manufacturing in this decade. Renewable energy is going to put a permanent lid on oil prices. UBS says an unsubsidized solar revolution is starting, as reported at Clean Technica, beginning in high-cost countries. KiOR (KIOR) has fired up its first plant in Mississippi, GigaOm writes, with the goal being production of crude from biomass at a price competitive with conventional oil. Drones, or remotely piloted aircraft, are moving from military to civilian uses, as a "Nova" special described last week, reported by HollywoodToday, with Boeing (BA) and Raytheon (RTN) helping organize a lobby to push sales. Those inventions ride partly on sensors like PrimeSense that are just coming to market. But what is a self-driving car other than a drone that moves on land? That technology, too, is on its way to market.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV