Don't comfort yourself by saying things are better for the Dow. Right now,
half the earnings of the Dow comes from just six stocks -- Minnesota Mining
and Manufacturing, IBM, Johnson & Johnson, ExxonMobil, Merck and United
Technologies -- and most of those are defensive. So the Dow is functioning
as a lagging indicator of the failing economy. The Nasdaq is a far more
sensitive barometer. Don't ignore it just because it's giving you a weather
forecast you don't like.