Erick Schonfeld has a great short summary of a massive JPMorgan study about the dominance of tech stocks in the current era. Key takeaways:
--tech stocks are agressively outpacing the S&P
--"Free cash flow at large Internet companies will keep going up, fueling M&A and share buybacks."
--online advertsing continues to grow.
What does it all mean, for you? Who knows? But safe bet is that the Valley is not a bad place to be, especially if you don't mind changing jobs.