It's the P/E's, Stupid, Which Keep Feeding Those Tech Bears

Are we getting too bearish on tech, folks?

That's a question you might want to ask yourself as Wall Street and investors take out and shoot yet more of yesterday's market leaders. (Sayonara, Cisco(CSCO Quote)?)

Whether you are a growth stock investor, a value investor or a momentum trader, you want to get a handle on whether this remains the time to hide in defensive stocks -- as clearly it has been for the past six months -- or whether this is the moment to come out of your hole and buy some of the beaten-up tech names. ...