The technology sector likely will [recover], but it is not likely to revive the speculative situation we've seen over the last few months,

Technology stocks could possibly come down more. I think they still appear to be vulnerable, including some of the Internet top stocks, including some of the stocks in the software field.

[Carr] seems to talk about the end of innovation, but there will always be innovation. Information technology is not electricity where the unit is an electron; in IT every byte is different. It is what is transported that matters.

October is not all that bad, but there have been some eye-catching examples that have fed the folklore that October can be a bad month.

We may spend most of September going sideways,

I think in the next week or two, we may get a little pullback or reaction, maybe a 3 or 4 percent setback from the recent highs on the averages, just to digest the last phase of gains before we move higher in March and April.