Many are looking for a safe harbor in technology or have a theory that technology will lead the market out of its doldrums, but I disagree. I think that we are in a recession and cap ex will suffer. Don't be fooled into thinking that the QQQQ is just about technology. Though the NASDAQ is synonymous with technology, there are plenty of other companies listed there, even amongst its 100 largest. For instance, consumer dependent stocks like Sears Holdings, Starbucks, and Whole Foods are included in the index.
$52.63 (02/29/08)
