dno
> Let me make a number of points.

> Firstly, my point was that I expect a lot of
> growth ahead in the "New Economy",
> but I'm talking longer-term, driven by the
> fundamental changes in how people do more
> things online, and more people go online.

> As for when this will happen -- a year, two
> years, or more -- I have no idea, and make
> no claims about that.

> Secondly, I think the news tends to focus on
> the present -- what people are doing and
> thinking now. This may not be a good guide
> to the future, as crashes and recoveries can
> happen relatively quickly.

> Thirdly, from a valuation/investment
> perspective.. I tend to follow a
> fundamental/value/Buffett-like approach, and
> believe that it's possible to find good
> performing investments even in a bad market,
> so long as you do your research and focus on
> the long-term outlook for a company.

> - Thomas.