Chances are the bear market that mauled tech stocks took a bite out of their portfolios.
Wall Street strategists also feel the discomfort. Heading into Monday's start of the third quarter, they are trying to make sense of a market that little resembles the money-minting times of three months ago. Countless Internet companies are struggling to stay alive. Robust corporate earnings, the fuel of the 1990s bull market, are decelerating, thanks in part to six Federal Reserve rate increases. All combined, this is creating confusion on Wall Street.