I think the Nasdaq is playing catch-up, because we have had a full blown correction in most of the major indexes, but the Nasdaq hung up there I think toward participating fully,

We are clearly in a consolidation, whether we are in a correction or not remains to be seen,

In the overall market, it's just going to be more of the same with a good deal of volatility, ... It's been a long bull market and, in the event that the market might turn bearish, there's more than a usual amount of nervousness about holdings in long positions. Investors are locking in profits in a more knee-jerk fashion than they would be if we were dealing with a more stable environment.

It's beginning to bump up, but we don't think that it's nearly as vulnerable as some other technology stocks, because it benefits from Y2K, ... It benefits from Internet proliferation.

Everyone is always trying to smoke out the Fed.

We will see volatility in the technology sector as always, but longer term we think the U.S. equity market is the place to be ... The solid names are the solid areas.