You're right on this one. When stocks recovered from 9/11 lows, tech came soaring back. -----In addition, as some have pointed out, we are gradually entering the "2nd" phase of the tech revolution. PC's, Intel and Gates was the 1st phase. Internet, is still in its infancy. The broad application of "chips" in all kinds of appliances, cars, defense, etc. will be the next big trigger for tech stocks. For the moment though, they are in the doghouse.