There's still a lot of concern about slowing personal computer sales and reduced corporate information technology purchases.
More Quotes from Alan Skrainka:
It's just the nuttiest argument that I've ever heard -- this whole idea of old economy versus new economy assumes that we're all going to be sitting around in the dark, naked and hungry, surfing on the Internet. The idea that you don't need food companies or companies like Procter Gamble anymore is just nuts.Alan Skrainka
Small business owners have a great stake not only in what's going on in the stock market, but what's happening in the overall economy as a result.
Alan Skrainka
We think it's time for investors to be cautious about technology stocks.
Alan Skrainka
I think the performance gap between the new-economy and old-economy stocks is like a rubber band it seems to be snapping the other way. The new economy sounds very exciting, but you're still going to need food, medicine and electricity to survive.
Alan Skrainka
Investors took advantage of the sell-off Friday to add to their portfolio. There are some good values with the blue chips.
Alan Skrainka
I think it was a very volatile and directionless week. Investors should tap on the brakes a few times and strap on their seat belts. (Last week) was very earnings driven, and now it's shifting and people are going to focus once again on value.
Alan Skrainka
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