The networking area in general is certainly one of the fastest growing segments of the technology area.
The reality is that if the Fed raises interest rates by a quarter of a point all that's doing is serving to keep inflationary pressures under control.
We're making it tougher and tougher for the bad guys,
What we're seeing happening is the best of all worlds. The economy is strong yet inflation remains quiescent. The earnings outlook remains reasonably good. Given those things, the money continues to flow into the market from both domestic and foreign sources.
I'm looking for a minor correction. It looks like we're going to have one.
Novell has got a bit of a rocky road now, having lost its CEO, so it would probably not be my No. 1 stock focusing in this area right now. If you (own) a position, I probably would hang with it, but I would not be adding positions here.
They're very, very good at what they're doing, ... and they're a few steps ahead of us in a couple of areas. They've done their homework about the payments system and because of (them) we all have a chance to lose some sleep at night.
I will say that of all the hacks we've seen - and we've seen hundreds and hundreds of these - had the third-party been in compliance (with association rules), they probably wouldn't have been hacked,
I think what the market is saying is, 'The heck with interest rates, let's focus on the fact that the economy is in good shape, the fact that earnings are probably going to continue to be very strong,' ... In the Game.
