And it seems that the announcements at PDC haven’t done much to boost investor confidence. Whilst there was some strengthening during last week, most of that has eroded this week. In a word people are: nervous.

With a P/E in the 11-12 range, the company is a good buy. But emotion rules in the stock market at present.

Joe sticks to not owning shares (due to potential conflict of interest reasons). We have no such qualms. Perhaps not just now, but very soon we’re going to be out buying up Microsoft and whatever other trashed (but quality) stocks we can afford. Although some no doubt have different opinions.

Eric Lundquist (linked to by Joe) predicts that Tech stocks will turn around in 2010. That’s pretty soon my friends (in fact there’ll probably be a new Visual Studio edition out by then).

Oh, and interest rates may be easy, so now may be a good time to be borrowing to invest for some.

Disclaimer: We are not financial advisors, stock pickers, economists or anything like that. We are simply ignorant, emotion-fuelled onlookers. Just like you. You’ll need big ones to invest in this climate – don’t come crying to us if you lose all your dosh.