Asks about market action and whether tech decline reflects loss of fundamental belief
Host
Paul Hickey
Government shutdown concerns drove money into mega-cap tech stocks as safe haven, but post-election reopening is reversing this flow
Paul Hickey
Tech stocks went 'too far too fast' and current correction is healthy to avoid worse 'hangover effect'
Paul Hickey
Not buying tech even at sale prices, wants to let things settle and look for broadening rally into consumer stocks
Paul Hickey
Recommends Starbucks as turnaround play with improving efficiency and trough earnings
Paul Hickey
Recommends Bank of America near 2007 highs, expects breakthrough psychological barrier