A lot of tech stocks that were 'Steady Eddies' were not subject to hype. They were boring stocks. But those stocks had strong top- and bottom-line growth.

Not all tech stocks are cheap, ... The question is how far down can the Nasdaq go.

You really have a two-tier market with tech stocks going down and everything else going up. Part of this is because valuations in technology stocks got overdone this year and, at the same time, the Dow hadn't performed and now they look cheap.

With tech stocks, you know, you have to look out over the long term. These are stocks that vacillate between exuberance and panic. It's going to happen, and so today maybe we are more on the panic side. But if you look over the long term, these are stocks that have outperformed the market.

The big tech stocks are still where you have to be but I don't want to go overweight tech,

Election years are typically not good for tech stocks. I'm not sure why that's the case.