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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (83689)	11/25/2008 5:03:39 PM
From: Real Man	Respond to of 94695

It might actually lead the gains as it usually moves faster, and fund managers are eager to sweeten up what has been a very ugly year, although I am more bullish on basic materials and especially gold equities. Note that tech earnings were not actually all that ugly; some reported record growth YOY. Many of these companies don't have debt, their gadgets are cheap and don't require credit. I agree, recession should take a toll on demand for technology, but so far that part has been muted for many, especially the tech horses. Note that p/e ratios for technology have come down very significantly from bubble hey days.