Wall St. Confidential: Tech Trouble

Jim Cramer's got an antidote to the tech blues: drug, industrial and bank stocks. "If those areas are so easy right now," Cramer asked on TheStreet.com TV's Wall Street Confidential video Friday, "why take on something [tech] that's so hard?"

Case in point: Although IBM (IBM Quote) had one of the best quarters Cramer said he's seen in years, analysts were quick to run from it as soon as the stock was down.

"This is a very bad time to own tech," he reiterated to Aaron Task, the host of Wall Street Confidential. It has nothing to do with these companies' earnings. "What you're really seeing is seasonality in play." ...