The telecoms will start to look attractive when highly-motivated, over-qualified people like myself, start msking the big bucks again.
It is picking up, but we are not even close ywt.
IMHO
JDSU has 1.3 billion in cash, no debt , 840 million in sales with increasing profitability vs a 4 billion dollar market cap. Insiders are buying.
GLW is not in as good of shape, but insiders are buying like mad.
PFE has 50% ROE !!
I still expect a dollar crisis, terrorism, etc, but just because you keep gold bars stashed away in a remote mountain cabin doesn't mean you can't go equities shopping now and then.