The fact that we have gone three years without a correction tells me we are overdue for one. Markets don't go in one direction without interruption.

We believe the Fed will only stop when economic growth cools enough to dull inflationary pressures.

For prices to drop below the $50-per-barrel range, we would need to see a significant slowing in world growth, which we believe is unlikely at this point.

Our new Internet-specific fund is designed to complement the Merrill Lynch Global Technology Fund, which gives investors broader exposure to the technology sector.

If they've had the moon shot, protecting it makes some sense. They've presumably gotten it through something growing quickly.

Usually they have it tied up 100 percent in one thing. I don't think anybody can fault them for selling 10 to 20 percent.