The market does not seem to be worried about the long-term effects of the hurricane. It seems that we're seeing again today that the market really wants to move higher.

Not all tech stocks are cheap, ... The question is how far down can the Nasdaq go.

They recently reported earning where they'd shown that revenues were not as strong as had been anticipated; a lot of that money still comes from your traditional long-distance carrying revenues. However, we like the group longer-term because we believe that, particularly for MCI, they're gravitating more towards the cellular and wireless category, which is the third group in telecom, and that one actually is in a positive camp.

Because it's a new development, it would seem like they would have to show the effects of that. But I wouldn't want to hazard a guess right now on which of the other tools would be used.

He doesn't seem too worried about anything or overawed,

The long-term trend of the market is upward, but it's not surprising that we had a pullback for a few sessions.