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Technology Stocks : Hewlett-Packard (HPQ)
HPQ 22.72-2.3%Dec 29 3:59 PM EST
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To: Elwood P. Dowd who wrote (468)5/19/2002 7:41:09 PM
From: MeDroogies  Read Replies (3) of 4345
 
Interestingly, I recently had an email exchange with Anirvan about the definitions of a recession. He's extremely well versed in his craft and has done quite a bit of work amassing information about cycles and how they play out.
I'm not discounting the possibility of a double-dip, but I think it's highly unlikely. Too many tech cycles have been overdrawn at this point. Upgrades must be performed soon, and companies are just making sure their bottom lines are healthy before they engage in the required improvements they know they have to make.
Besides, optimism is a force multiplier. If we all sit around and mope about how bad things are, without actually doing anything about it...it will only get worse.
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