I think the momentum is on hold.

AOL is one of the big three in Internet shares.

Ultimately extremely good news for the health of the market.

That's pretty good news because it means investors did not become defensive. They remain optimistic.

I think we've seen technology take a tumble a number of times and come right back. Most professional money managers look at a technology slump as a buying opportunity.

We're seeing a very substantial shift going on in the market.

One message we get is that the stocks people buy when they're scared -- basic materials, beverages, foods -- did not do as well. Investors are more optimistic about the economy.

The market needs to let earnings catch up -- wait until we get closer to the year 2000, when we can feel comfortable that the market is not overvalued. If the market stayed the same while earnings rose, then price-earnings ratios would be so darn high.

We got down too far too fast. You reach a level that attracts buyers.