I suspect that out of my usual stocks that some will recover along with the rest of the market but that others will be huge underperformers.
Apple will probably have a bad quarter this time around as will Google. But not terrible. Then when people have money they will flock to them.
Microsoft will also have a slightly dissapointing quarter but their customers won’t flock back but they will do sort of OK.
RIM will bomb this quarter and basically never recover drifting along with people saying that they are a buyout target. They will never be a buyout target as I think their brand will be a hasbeen in less than a decade and they will have nothing to offer but outdated infrastructure.
SUN will have a slightly bad quarter but this will be more do to their generalized rot as opposed to anything else. They too are not much of a buyout target for the same reasons that RIM won’t be a buyout target.
Canadian banks will eventually get some bonus or kick from the government so in the long term they will do well as usual, but for the short term I smell pain pain pain.
Back to Google. I believe that the ad world will discover that in the recovery quite a few of their customers tasted the Google koolaid and won’t ever be coming back. So all old media will be be wailing and gnashing their teeth come the recovery. A few old media outlets will reinvent themselves into either extremist media or actually focus on what people in their areas want and thrive. So most old media will suffer the death of a thousand cuts from bozos like this blog. Again, some will hope to be taken over but who the hell wants a 100 ton printing press going into the age of electronic ink?