The market rose nicely on Friday and the Dow finished up for the week. However, tech stocks were down for the week. On Friday, Intel fell 1.1% and Sun gained just 0.7% despite a Nasdaq gain of 0.62% on the back of Microsoft’s report of higher earnings. These stocks have had a nice run already. To push much higher than their recent highs would be pretty frothy.
The froth might come, but I don’t want any of it. If the past three years have taught us anything, I hope it’s that buying hopes and dreams can kill your hopes and dreams. Buying solid companies when they’re cheap will build hopes and dreams.
Here’s a good rundown of this week’s tech stock performance. Enjoy the weekend.
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