If Nasdaq got involved, there would be more momentum for a tech market in Europe.

The dollar has strengthened notably versus the euro in the past week, which will undoubtedly help provide a well-needed boost to European profits.

The recovery is not off the ground yet and there's a danger it could be nipped in the bud in its infancy. I think a lot of economists who have been very cocky over the last month, revising expectations up to ridiculous levels, are starting to backtrack.

Valuations still remain high in the European technology sector. I see about 10-15 percent further downside in the sector before prices begin to get interesting again.

Beauty is in the eye of the beholder, which is a pity because this week the National Association of Beholders wrote to tell me that I've got a face like a rucksack full of dented bells.

It's spider season. Every year, right about now, thousands of the godless eight-legged bastards emerge from the bowels of hell (or the garden, whichever's nearest) with the sole intention of tormenting humankind.