To: orkrious who wrote ( 60923) 2/24/2002 12:37:45 PM From: Cary Salsberg Read Replies (1) | Respond to of 70976 RE: "We aren't in a bull market anymore." Are we in Kansas? I agree, we have been in a bear market. This is not the worst since 1920-1930s. The Dow has not fallen the way it did in 1973. We are dealing with the aftermath of a huge technology bubble. There is some horrendous fallout and almost no technology company is immune to the problem. In case you haven't noticed, the society at large is experiencing nothing like the Great Depression. Most have been insulated from technology's woes and are happily enjoying technology's bounties, wireless phones, DVDs, digital cameras and video, email, instant messaging, music and video file swapping, etc. The Feds monetary policy has been very effective so far for the general economy and signs of positive GDP growth are on the horizon. We are in a very interesting time for technology investors. The economic recovery is at hand, but technology will be slow to benefit from it. This is not the time to make bold predictions either bullish or bearish. It is not time to "fly without a net" or hide one's head in the sand. These are times to question what you know about a company's products and competitive positions and make sure faith is almost completely absent from investment decisions. These are times to manage money carefully and follow the lead of posters like Jacob Snyder, with more moderation, who add to and subtract from positions as prices complete up and down moves. These are the times to realize Moore's law is alive and well, that well managed quality companies are continuing R & D investing, and that the objective is to build a long term position in quality at reasonable prices.