By contrast, it was a good day for so-called old-economy stocks.

I think there are some opportunities in old-economy stocks, including financials.

Some of the old-economy stocks did not recover very much, however.

Indeed, many old-economy stocks have dropped to near-depression levels.

In a year when many old-economy stocks declined, that danger became real for top executives.

"A lot of old-economy stocks have done very well."

Meanwhile, the old-economy stocks that did not rise much if at all in that period are gaining ground.

He sees revived pricing power in many other old-economy stocks.

And while a lot of the so-called old-economy stocks resisted at first, they have now been caught in the downdraft.

Now, however, some old-economy stocks that have been depressed for years are moving like Internet shares in the sunny days of 1999.