Nobody has been willing to stick their neck out about when we'll see a tech recovery and there's no reason to think that Microsoft, with its conservative bias, would be any different. |
Obviously the tech stocks have been hit hard over the last few weeks, but I don't think most people realize that this actual downdraft began in September of 1995, ... These stocks have been getting hit now for 6 consecutive quarters and they have underperformed the market. I think most of its coming to an end. |
Obviously the tech stocks have been hit hard over the last few weeks, but I don't think most people realize that this actual downdraft began in September of 1995. These stocks have been getting hit now for 6 consecutive quarters and they have underperformed the market. I think most of its coming to an end. |
Surprisingly I'm actually starting to pick at that area for the first time in a long time, |
The market correctly saw that the economy was going to soften in the fourth quarter, |
The preliminary indication is not that positive. |
They are clearly lower risk now than they were. |
This is not the industry it was five years ago. This is a healthy thing. |
Those are the ones that are very cyclical, and the economy has a big impact, but they become very cheap, ... Companies like some of the commodity semiconductors, the integrated device technology types. |
We knew it was going to be a rocky opening after yesterday's earnings reports but I think it was a very encouraging day. Valuations are reasonable but the fundamentals are going to get better. |
We've always felt that we were going to have to test the bottoms that we've seen. We think what you are seeing today is probably that test and we really don't think that the market is going much lower. |