Judith--
This is my third tech breakdown...but the first in which I had significant money in the market, so all of a sudden I'm looking for ways to be better informed about the BIG picture and not sure I'll find them. Tech isn't immune to large economic forces. In earlier times, when tech was not such a large factor in the overall economy, it could fall into the dumps all by itself, but not anymore.
I agree it is important to the nation's core strength, and I feel it is the future core to my own financial well being, but I don't have a clue as to when that will commence, except that it won't be this year.
I'm not sure what you mean by a "terror tax" so perhaps you will explain it to us. IMO, we're going to charge ahead even while this "new war" continues in the dark recesses of the CIA, Delta Force, and so on. I think the economy is just going to factor it into the equation after a relatively brief while, say, six months. I'm more concerned about consumer confidence and what it will take to make it recover. Our short memories will help.
I might add this. We are sometimes criticized for our focus on "what have you done for me lately." Corporate managements are going to do what it takes to produce profits, and then accelerating profits. Earnings are what makes stocks worth buying, so that short term, shareholder value, notion will work in our favor. We are not a patient nation. Perhaps the Japanese can endure a 10-year or longer recession, but we cannot.
Chaz |
