I don't know if you are talking about gloom and doom the sky is falling type of market plunges but IMO that is kind of early to do that especially when you have Texas instruments raise guidance, Apple increase production of iPod Touch by 50% due to demand, Sony says they are still seeing US electronics growth from last year, and digital camera shipments are up 25% from last year. I mean yes, in financials they are going to continue to be pressured well into 2008. But the US economy is a lot more than the bad stupid bets made by financials by giving 100% loans and taking all the risk. They made their bed and now they are sleeping in it. Banks took 100% of the risk. How stupid can they be? However I fail to see how the US economy all of a sudden become just financials. In fact I expect techs to continue to do well into 2008. I think good stock bets can be had in undervalued tech stocks like for example SNDK, which I happen to own. As always JMHO and I could be totally wrong so do your own DD type of disclaimer.
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