Zeev's Turnips Patch-No Politics (ZEEV)

[Alexander]

zeev

This is going to be interesting. I basically have an opposite view of yours, although I must admit that due to the macro-economic picture and Bush reelection (current account deficit and budget deficit) I have become less bullish for 2005.

As said before, there are two opposite forces at work IMO: one is the disruption of the business models of large CAP tech stocks, while I see increased momentum among the emerging companies that are causing this disruption. Tough to forecast which one will prevail.

In short, I'm less bearish than you as I have too much "faith" in technological innovation and its impact on productivity, hence indirectly on the economy.

Alexander