Amid worries that technology stocks may no longer lead the broader stock market, one NYSE trader is sticking with the sector.
"I think tech is great - how can you bet against tech?" said Kenny Polcari, managing director of O'Neil Securities, based on the floor of the New York Stock Exchange. "I think tech has to be part of everyone's portfolio, you just have to be a little bit sensitive to valuations and understand what it is you're buying."
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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