Oof the tech sector.

I was a last minute fill in on Capital Connection last night on CNBC Europe. I talked about how every so often the tech sector shows a glimmer of hope, the promise of a better tomorrow and then whammy; a kick in the stomach.

I used to understand this sector much better than I do now (talking late 1980s and early 1990s not confusing the late 1990s bubble with being smart). I have been underweight for several years as I have disclosed throughout the blog.

I don’t know what will turn it around and I doubt I will catch the turnaround but I have some exposure, about 2/3 the market weight, so when I do miss the turnaround clients won’t be horribly impacted.

I think this sort of thing should ring true for every big sector of the market in a diversified portfolio–maintaining at least a little exposure even to thing you hate because at some point all sectors have their day, all of them.

Last 5 posts by Roger Nusbaum

• The Big Picture for the Week of November 15, 2009 - November 14th, 2009
• Process Drilldown - October 23rd, 2009
• Sunday Morning Coffee 10-18-09 - October 18th, 2009
• A Little Followup From This Morning - October 8th, 2009
• Wednesday Roundup - October 7th, 2009