Where are technology stocks headed?
They are still going to be robust growth drivers globally. Global technology and the increased productivity [it brings] has obviously been a big factor in the low inflation numbers that we have seen. Technology is going to be a powerful growth driver for economies and stock markets around the world. But the days when you could just pick any tech or dotcom stock and expect a 50% or 100% return a year are gone forever. You need to be very selective. It’s probably good to have a year like the one we’ve had so far, where some of the froth has been taken off and expectations are now more realistic. Are you worried about high oil prices? I think the concerns about oil would lessen from here on. We have probably seen the peaks already. Supplies have been tight and demand has been robust, but I believe OPEC will increase production again before we get to the $40-a-barrel level. The U.S. would probably release some more oil from its strategic reserves. What about the plunging euro and rising Eu
