Tech is not a bubble. Internets with no earnings were a bubble.
Look at Cisco it corrected every other year practically in the 90's. The long term trend was up.
I own Calpine and Entergy and hope they go up during the recovery. However I also feel with depletion of wealth, ... there will be a lot of choppy trading and sector rotation. I hope profit taking does not continue in utility sector. My watch list suggests that is happening.