I think the group has a little bit of a bounce today on what looks to be very solid results from one of the group's bellwethers.
Quotes about bellwethers (5 Quotes)
Cisco, one of the bellwethers, is going to be out after the close, ... that will be a good indication of corporate health.
Well, eBay is growing at a phenomenal rate right now. This is a company, even though they are considered one of the bellwethers now because of their size, the revenue base is still relatively small, and they have a lot of momentum in their traffic and transactions.
Companies like Texas Instruments, companies like Cisco Systems in enterprise networking. Leaders in their space, bellwethers, big-cap liquid names that I think are going to be around for the long term, leaders in the up cycle, ... Companies that the institutional investor can get in and out of quickly and that tends to draw a larger portion of the money when we have these volatile times.
We have a changing of the guard in technology. All these cornerstone tech names can't conjure up the magic they once did and I think it's time people started looking for new bellwethers.