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No. of Recommendations: 5
I know this down market is painful but if you have a time horizon of 5+ years isn't this a good thing. The p/e multiples of the best high tech companies in March 2000 were obviously unsustainable (well okay, obvious now). But if you're buying for the long term, aren't he "discounts" on CSCO, BRCM, EMC, INTC, NT, etc. (fill-in your favorite tech stock here) a great thing. If you don't think these companies are going out of business, they will more than likely be stronger and more dominant when the economy turns up.

Obviously it's hard to buy when there is blood in the streets and yes, the market may have further to fall. But this is a buying opportunity on the way down if you sensibly dollar cost average. That way you don't risk too much on finding a bottom and you won't miss the upswing. Please correct me if I'm wrong.
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