Good earning growth. Next year, their earnings will be about $1.90 (per share). That's just 10 times this year's current stock price.

A slump in growth will continue until rising U.S. demand triggers an export-led recovery in Asia, most likely by mid-2003.

It's the analogy of the straw and the camel's back. We keep loading the camel's back with straw and higher energy prices and interest rates. It's probably going to be what's good for oil is going to be bad for the rest of the market.

The question today is more opportunistic. The question is exactly where can I be a buyer of America Online ( AOL ) or some of these other stocks that have been weakened?

If unearned revenue keeps sliding, it suggests the growth story for Microsoft has gotten long in the tooth and that would raise more worries about the valuation,

Novell and Red Hat are very expensive stocks, even with their strong growth,