Channon

10 Ways the Financial Meltdown Impacts Tech

Regarding point #9, consumers cutting back on spending, this will remain a true statement in the aggregate, but may not extend to all aspects of consumer spending. As consumer spending has exploded this past decade, it has almost become a self-medicated antidepressant. Will "gadgets" suffer? Perhaps, but it was after 9/11 and during that recession that the iPod exploded in popularity, a nice little "pick-me-up" for depressed Americans.

How does this relate to this article? Smart investors know that missed opportunities are a lot better than being short and wrong. Be more careful about betting on the list of "negative impacts" than the list of "positives". Some of these stocks are already off more than 50%, a sizable haircut. There's more to gain by looking for the companies that are oversold than by betting on more downside. Long term, we all would probably agree that Google will eventually trade above $386, and Apple surely above $97.