Nothing has changed in the last 30 days, other than the market itself to dispel the tremendous amount of earnings growth that is taking place in technology. It's just up to the investor to decide to what degree do they want to participate.

The end result is a ho-hum year for the market.

If prejudice could reason, it would dispel itself.

We've now changed the valuation of the stock market quite a bit, ... If anything, the earnings estimates have been going up and stocks have been going down. The price-to-earnings ratio on forward earnings is now down to about 15 times, which is very low relative to interest rates and inflation at the present time.

This is really a big stink over nothing, ... There was a tremendous amount of hysteria, and it got out of control.

done a tremendous amount in the first phase of reinventing Virgin.