In "Seeking Alpha":
Technical Difficulties: Intel (INTC), Cisco (CSCO), Dell (DELL), Microsoft (MSFT), Oracle (ORCL)
Cramer urged viewers not to be fooled by the tech rally since the recession has only just begun. The 553 point rally in the Dow was not a good enough reason to buy tech when investors should have been selling. With Intel slashing its forecasts going into the holiday seasons, there is no reason to think tech will be strong. Cisco also has made bearish comments and Cramer thinks more downgrades for the sector are on the cards. A bottom will form only when all analysts are negative on tech and when the market starts to turn around. Cramer reminded viewers that tech was hit hard in the last recession: Intel fell 82%, Dell by 71%, Microsoft by 66%, and Oracle by 84%.
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