I don't know yet, but if Google comes in early in 2004, like February March, we may have a situation very similar to 2000, an early run, a peak, possibly with that IPO, a sharp decline (like that ending late in May 2000) and a sharp rebound into the Autumn, (and then depending on how the political winds blow, high volatility), eventually, the current model still shows a nasty 2005, but the peak may actually occur early in 2004 with a sharp rebound. whether that rebound gets us above the early peak, who knows. Too cloudy for now to even guess more than that broad brush.
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