Tech stocks right now are going through a textbook correction within an ongoing bull market. Tech stocks have been the market leaders in 2017, and a correction is only natural. There is no "tech stock bubble": Compared to the whole market, tech stocks are still nowhere even near 1999-2000 levels. Today's low interest rate and low inflation environment is very favorable for tech companies to convert their high gross margins into high profit margins. If you believe in this bull market and its market leaders, right now looks like an excellent opportunity to buy tech stocks at a discount from their recent highs. The financial headlines have been scary about tech stocks (XLK) this week. The NASDAQ (PowerShares QQQ Trust (QQQ)) has been in the red, even on days when the S&P 500 (SPY) and Dow Jones Industrial Average (DIA) are in the green. Talking heads speculate about sector rotations out of tech and into other stocks. Actually, this is just what a textbook market correction looks like: A normal pullback of about 10% within an ongoing bull market. That is simply what tech stocks are going through this month. Take a look at the "52W High" column in the following charts of the market's biggest stocks, and biggest tech stocks. That is the amount they have declined from their recent highs, as of yesterday's (June 27) close. You will notice it is getting close to -10% for many big name tech stocks.
https://seekingalpha.com/article/4084584-buy-tech-stocks-now-missing-bargain
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