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I want to let you in on a secret.
It's the greatest untold story in the stock market today.
The mainstream media ought to be covering this story aggressively – yet I've hardly heard a word about it.
Perhaps it's because the facts I'm about to share with you contradict the impending "tech bubble" the financial media has been gleefully speculating about for the last year or so.
However, here's the real story: The valuations of tech stocks are still grounded in reason – and tech stocks as a group absolutely crushed the overall market in this year's first quarter.
So, today I'll show you precisely how high tech is flattening everything in its path.
And then we'll talk about ways to make some money while everyone else is distracted by "bubble talk"…
No doubt some of you may say comparing the Nasdaq to the Dow is not a fair fight. And that's partially true.
With Apple as a key exception, it mostly holds stocks that people count on for their stability, not rapid price appreciation.
For its part, the Nasdaq is much more a growth story. It's brimming with younger, more aggressive firms in growth fields like biotech, the mobile revolution, cloud computing, Big Data, and the connected car.
However, even if we ignore the Dow, tech is still the biggest driving force in stocks today – the Nasdaq in the first quarter beat the S&P 500 by 268%.
In the first quarter, the Nasdaq gained 4.16%. That compares with first-quarter profits of 1.13% for the S&P and a mere 0.55% for the Dow.
True, it's always possible that tech just got lucky and had a strong first quarter.
Except that the empirical data conclusively proves just what I've been saying ever since I launched this service two years ago.
That's when I said that tech stocks will almost always beat the overall market – and I just reiterated that when I created "The Million-Dollar Tech Portfolio."
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.