Well don't know for how long the techs will stay on top but I can understand why they are there. People still want their fancy tech gadgets. Cell phones Ipods and so on.
Quote:
NEW YORK (May 24) - For the first time since the bubble burst earlier this decade, information technology stocks have overtaken financials as the largest sector by market value in the Standard & Poor's 500 index. But that alignment might not last for long - soaring oil prices have helped lift the energy sector to a close third.
But Howard Silverblatt, S&P's senior index analyst, noted that while IT performed slightly better than the S&P overall, most of the sector didn't "earn" its way to the top.
"It's not that tech did so much better, it's that the financials did so bad," he said. "The financials gave it to them."
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Tech Stocks Top Financials in S&P 500
By EILEEN AJ CONNELLY,
We really need to get our Financials back in order and the fact that Oil is a close third I look for them to come out on top next.