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The Road Is Going to Be Rough for Tech Stocks

 

Fund Junkie: Weigh Your Tech Exposure and Consider a Diet
David Gaffen:Tech Stocks Not Cheap Yet
Justin Lahart: Margin Debt at Worrisome Levels
Jim Cramer: Get Liquid
Brett Fromson: Get Ready For Fourth-Quarter Pre-Announcements
Technical View: A Lesson in Tops for a Market Ready to Bottom
Metrics View: A Dozen Stocks Still Defy Gravity
Taskmaster Chat: Take a Defensive Posture
Fund Junkie: Climate Is Changing for Net Bellwether Stocks

It's like clockwork. The Nasdaq Composite Index nasdaq falls through another arbitrary support level, and an army of analysts proclaims we've hit bottom. But several measures suggest otherwise, and a number of observers expect tech's slide to steepen before any rebound materializes.

The Comp proved indestructible through the spring, as investors eagerly bought stocks whenever the market dipped. But the Nasdaq has dropped 31% since Sept. 1, and 42% since reaching its March 10 closing high. Now, with capital drying up, lending standards tightening and technology spending declining, tech stocks face a far tougher environment than they have in years. ...

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