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I want to start with this: Scobleizer’s comments on Patricia Dunn, the (now) former Chair of the Board at Hewlitt-Packard, and his apology for calling her a ‘cancer’ (on HP) without bothering to find out if she’d ever had the disease.
But I don’t really want to talk about that without putting it in perspective. The stock market has just sort of idled for six years now, taken as a whole. I predicted that. Specifically, I said at the beginning of 2000 that the market was about 20-30% overvalued, that it would fall, and then stay pretty still for about eight to ten years, then break out in a frantic, but real bull market.