From a recent CNNfn poll...
>>Technology stocks are taking it on the chin right now. Does this mean the rally is over or is this just another bump in the road. Take CNNfn's poll and tell us what you think.
1. Technology stocks have been losing ground as investors focus on interest rates. Do you think the rally in tech stocks is over or is this just a bump in the road? total responses to this question: 5774
Bump in the road. 74.63% Rally is over. 19.15% Don't know. 6.22%
2. Is the market too concerned about interest rates? total responses to this question: 6677
Yes 62.72% No 32.51% Don't know 4.76%
3. Where do you think the Nasdaq composite index will end this year? (Wednesday morning, the Nasdaq was up about 64 points to 4,445). total responses to this question: 6676
4,500 to 5,000 35.26% 5,000 to 5,500 29.51% More than 5,500 12.57% Less than 4,000 11.08% 4,250 to 4,500 7.49% 4,000 to 4,250 4.09%
4. Based on the market's recent behavior, are you making any changes in your portfolio? total responses to this question: 4709
I'm buying stocks. 70.76% I'm staying on the sidelines. 17.94% I'm selling stocks. 11.30%<<
This info courtesy of a friend who shall remain nameless -g- |