For those with a short attention span, and a possible aversion to some of the headlines leading Jubak's stuff, his article did reach a worthy conclusion, to wit:
So where does that leave us?
In the long term, I think the picture is very clear. For the long-term investor with a five-year or longer time horizon, I think this is a great time to buy fundamentally solid technology leaders. I wouldn't worry about hitting the precise bottom, but I wouldn't be in a rush either. I don't think this market will rally straight off a bottom, and you should have time over the next three months to do your due diligence and make long-term buys.
I think the Future Fantastic 50 portfolio is a good place to start your search. Here are my choices of the 10 best buys from that list right now: America Online (AOL, news, msgs), Applied Materials, Broadcom (BRCM, news, msgs), E*Trade Group (EGRP, news, msgs), JDS Uniphase, Network Appliance (NTAP, news, msgs), Qualcomm, RF Micro Devices, Texas Instruments (TXN, news, msgs) and Wind River Systems (WIND, news, msgs). |
