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Steve, I hear your very same scenario for the market and the economy from many, many others which is probably why it will never happen. This time last year and the year before, these same people were gloom and dooming it because of the Asian crisis. They were predicting that the US economy and the stock market would eventually tank as the crisis "washed up against the shores of the good old U.S. of A. They were dead wrong. I support Ian's scenario. There is a tech revolution going on and it's creating a whole new economy. That's why the old economy stocks are all in the toilet. You can buy MO if you wish, but I prefer to stick with MTSN, SVGI and AMAT. That said, I agree that, at some point in the next few months, there will be another correction, and some of those ridiculously overpriced internet stocks will get slaughtered, just like they did last summer. Regards, Phil |
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