This time it is technology but it has been in the past real estate developers, Japan, Mexico, computer selling, energy stocks, etc. The reality is that stock prices go down at times. The stocks that are the most overvalued and that investors had been the most optimistic about tend to go down the most. These periods offer buying opportunities for the prudent investor. An investor should be selective and patient but stock prices will go back up.
Stock markets go up while the economy is still in recession.
This means that 2001 will probably be a good year for investors in spite on the slow start. The damage was done last year.