I wouldn't think they were very sincere. I mean they all pleaded not guilty. They all made deliberate steps to hide what they did.

I don't think there is a compelling reason to be in equities right now. I would be actually sitting on cash, looking for a better entry into the gold market. Gold has awakened out of 20-year bear market and surprised a lot of people.

This is not a surprise, based on their last earnings disappointment. I think they're a one-product company and somewhat of a status company. We expect more of the same in quarters to come.

There's too many alternative ways to buy computers.

When Eric sat out, I told myself I have to do more.

The consumer is the only clear winner.

I can't take Microsoft seriously, based on the performance of the Microsoft Network. The Microsoft Network failed miserably. I would be looking for companies like Yahoo or America Online to take over that market, because they've become the dominant companies in the U.S., Europe and Australia.

It probably won't be as popular as Microsoft stock.

With the type of war chest they have, it's easy to catch up.

Microsoft's market cap right now is $208 billion. If you were to combine Ford and General Motors market cap(s) . . . that would only equal half of (Microsoft's) market cap. Granted, (Microsoft) by far is the premier growth company in the world today. But again, it is trading at 60 times earnings.

This market is not moving on fundamentals. There's an incessant flow of money, and you have a lot of stocks at excessive valuations. Once the flow of money subsides, you can look for a severe correction.