I think small investors should probably wait until valuations are more reasonable in the technology stocks.
More Quotes from Bill Meehan:
I think there's an outside chance we could see 25 basis points (a quarter percentage point). But I think it's a long shot at this point and time. What they (Fed) say is going to be more important than what they do.Bill Meehan
There was a lot of disappointment about revenue. It's especially true for technology stocks - if you don't have revenue growth, people start to question (value), and 10 percent doesn't cut it.
Bill Meehan
People are doing a little rotating into some groups that have been lagging a bit. The analysts have been out flogging their favorite Internet stocks in the past couple of days.
Bill Meehan
You have to be completely deaf, dumb and blind to think that anything with '.com' on it is your ticket to fame and fortune.
Bill Meehan
A lot of air has come out of the Internet stocks, but we have to put it into perspective, some of these stocks are up 1,500 percent or so in the matter of a couple of years. I think there is more downside.
Bill Meehan
Having cash all the time to some degree makes a certain amount of sense. I don't ever advise people to be 100 percent in or 100 percent out.
Bill Meehan
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Based on Topics: Computers & Technology QuotesEvery time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.
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