Tech and Large Cap?

The market has continued to confound the hedge funds who see an economic collapse. High oil, terrorism, inflation, subprime, housing are among the most common reasons to short this market. These are all things to be concerned about but not short this market. The hedgies are now in some of the largest short positions in history, all as the market hits new high after new high. I believe this market is due for a correction, but with the wall of worry, it may just not come. We are seeing the same old leaderdhip lead this market; Energy (some cracks), industrials, materials, etc. But now we have the large caps and technology acting better. We are heading into the favorable time of year for the techs, so this could be just what the market needs for another leg higher. Stay tuned and long in this very strong market.