Guy,
My take on the correction is that it signaled, at least to me, that this years market is not going to be as robust as last years. Earnings will matter now in the dot.com world, the honeymoon for the B2C sector is over with, they have to put up or shut-up or merge or disappear. Economic numbers will mean more, larger companies, after being over looked for sometime, will get more notice now, as they should with the economies across the globe for the most part back on track. As the larger companies start expand along with the global economy, enterprise software companies will do much better, from SAP to ORCL. The brick to click movement will be in full gear too. Also, I see sectors like the bio-tech as one that will out perform, as will B2B, telecom - anything optical -. I still haven't made my mind up about wireless, earnings for QCOM will be the tell there.
This my list of stocks for anyone that is starting out in the market GE, HD, JDSU, ORCL, MLNM which is the most speculative of the bunch, others you could check them once a month, and do fine this year.
Greg |
