High-tech stocks have been enjoying a great party, lately. The Nasdaq composite has been up 2.8 percent for the week and 7 percent for the year. Popular stocks have fared even better for the year: Apple (AAPL) is up close to 12 percent; Salesforce.com (CRM) up 10 percent; Microsoft (MSFT) up 9 percent; Oracle (ORCL) 15 percent, Xilinx (XLNX) 18 percent, and Netflix (NFLX) 45 percent!
We do hate to spoil this party, but we do believe that high-tech stocks are ripe for a correction for the following reasons: Read....