Microsoft's revenue growth is almost zero. I only know that now is not the right time to jump in. The Nasdaq's price-earnings ratio is still 100. That is nowhere near the bottom of a market. People poured money into technology funds after the tremendous run-up in 1999, and most of the money came at the end of the advance.
People still have faith.
Only recently have we seen some redemptions. There's still a big shooting gallery. The Federal Reserve Board has already cut short-term interest rates once this year. Not for long. The Fed is pushing on a string.