Guru Strategy: Jim Oberweis says get ready for a tech sector rebound


Jim Oberweis, president of Oberweis Asset Management and the editor of investment newsletter The Oberweis Report, says that after a long hiatus, the tech sector is finally showing signs of a rebound. Wall Street veterans have long dispensed advice on "bubbles," often predicting that the bust following the boom can last for many years. In his most recent newsletter, Oberweis and portfolio manager Ken Farsalas, say that investors have witnessed this firsthand -- after the "Nifty 50" bubble burst in 1973 and after the oil stock bubble burst in 1981. The stocks that were favorites on the way up lagged the broader market long after their initial, sickening drop. Technology stocks are no different, and after the tech bust of 2000, Oberweis and Farsalas say that a rebound is starting.

DailyFinance interviewed Jim Oberweis about the tech sector rebound.