We're seeing a divergence in the equity markets and a divergence in the tech stocks, ... Dell is weighing on hardware stocks.

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,

There are no good or bad stocks. The company is either good or bad. Stocks are just stocks.

What the report does highlight is national divergence that we're now seeing across regions, where we see that all the jobs created were in Alberta and British Columbia, whereas central Canada continues to trail behind.