Telecommunications will remain very constructive, very hot. Several of the larger cap Internet stocks will behave well -- America Online will be one. The smaller Internet stocks will be the play of the future over the next three to six months.

If we get there (Dow 10,000) really quickly, it will back off, because the traders have been caught by surprise. They have been shorting the market, because technically it should be going down, so it will back off rather quickly. If it takes longer to get up there, then, I think, it will hold.

If we get there really quickly, it will back off, because the traders have been caught by surprise. The have been shorting the market, because technically it should be going down, so it will back off rather quickly. If it takes longer to get up there, then, I think, it will hold.

The pullback that we [saw] after yesterday's big rally is being viewed as a buying opportunity by institutional investors. So instead of selling on the rallies, they're now buying on the dips. Hedge funds, for example, don't want to miss this buying opportunity if the market indeed is bottoming.

You're going to start seeing people looking up ... and there could be a short-term bounce in the next few months.

The weight of the evidence of the economic and news factors is not compelling and it's increasing the caution and concern in the market. There is very little reason to be buying the market right now.