I agree with TM on the internets. None of what's going on in the world has much to do with the explosive growth of the domestic internets. Yes, there has been a valuation adjustment, but now they are getting cheap. I will buy them when I think they hit bottom, probably tomorrow. The same thing happened to the internets on that Mond. in the crash last Oct., then the next day, Tues., they popped right back up. I thinking, the internets will do it again because money will want to rotate into explosive growth, safe, and cheaper internet investments.
It wouldn't surprise me if the Dow ends up 350 points tomorrow. Now everyone on CNBC is saying more downside to come, they are looking for S&P 850, and so on. What happened to the buy, buy, buy? Now it's sell, sell, sell, so it's about time to buy. When the shorts cover on the internets, they will fly again. Just my opinion. |
