Since the market broke out of its trading range last week, the Nasdaq has significantly outperformed the S&P 500 and Dow 30. As shown below, the Nasdaq is now up 4.02% since November 16th versus 1.43% for the S&P and 1.07% for the Dow. For the year, the Nasdaq is up 45.28% versus 25% for the S&P 500 and 20% for the Dow. And since the market hit its all-time highs on October 9th, 2007, the Nasdaq is now down just 18.3%. The Dow is down 25.5% since then and the S&P 500 is down about 28%. If it weren't for tech, things would look a lot worse.