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Blame Washington That Tech Will Remain Flat

February 25, 2008
by John C. Dvorak
Columnist, Second Opinion, MarketWatch

John C. Dvorak

I don’t think it should come as much of a surprise that the market is going sideways with an occasional run-up followed by a small collapse, moving along the sand like a crab waiting to get washed out to sea.

Old-timers will say this is because of the uncertainty as to who will be the next president. The technology sector’s particularly vulnerable to this, since none of the three leading candidates is known for tech expertise or appreciation.

Technology needs an Asian candidate or maybe a Swede, or even a white guy from Canada running for president. The three front-runners don’t cut it; I’m not hearing a lot of tech vision from any of them, that’s for sure.

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