david garrity, i think some kind of a fund manager was just on bloomberg tv talking about the relative strength of techs vs. the overall market.
like a lot of the people posting recently on si, he likes csco, orcl, emc and even msft. on goog and aapl where he thinks growth is well defined, he thinks the valuation is full, so stay away.
there you have it, the people in a major bear market are looking for the biggest losers with the most cash, best balance sheets, etc.
with growers like aapl and goog, they want to think that they will join the rest. that things will eventually even out. whether this will be the case and not where aapl and goog simply becomes the last one standing will be revealed in time.
now that even buffett has admitted to errors, it may not be that much longer from the bottom.
paul
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