
Tech Can Do What It Wants

By Jim Cramer
About this article:
When you get a streak like technology's had here -- and I am including the Nasdaq as a barometer of tech, with its 11th consecutive positive close -- you have to ask yourself is there something going on that's even bigger than the visible themes such as inventories low for semis, new product cycles based on Internet mobile, and valuations that got out of hand to the downside.
And I think I have it.
Washington doesn't care about tech. Tech can do what it wants. Tech's not unionized so card check and arbitration, the next battleground, doesn't affect it. Tech doesn't pollute much so cap and trade doesn't mean much. Tech's not much for pensions or for any help from the government with health care. It has virtually no legacies and is largely 401k.
Tech doesn't sell products that increase the budget (such as defense companies) or...

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