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Fund Junkie: Climate Is Changing for Net Bellwether Stocks

Now might be an intriguing time for bottom-fishing among the Internet sector's battered bellwethers. But what are they these days?

Fears of a slowing economy and the annoying uncertainty surrounding the presidential election -- or the battle of the hanging chads -- is keeping cash on the sidelines and punishing Net stocks in particular. We've typically been told that investors who have the guts to plow money into sagging market leaders during uncertain times like these can make a pretty penny over the long-term. If you've drunk that Kool-Aid and have your checkbook out, keep in mind that among the mercurial and pricey Net crowd, the list of bellwethers is a moving target -- a subject also explored in the latest 10 Questions interview with Paul Meeks, manager of the (MANTX Quote)Merrill Lynch Internet Strategies fund. ...