Galapagos Islands Message Board

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Strategies & Market Trends : Galapagos Islands

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To: sun-tzu who wrote (38128)	4/29/2003 8:04:48 AM
From: Techplayer	Read Replies (3) of 57110

I work closely with many companies in the software, hardware and professional services areas. From what I can see, budgets remain tight, hiring is sporadic and very specific and optimism about a return to even a normalized period of growth like we saw from 92-98 remains dormant. Most are in a bunker mentality... VC's remain extremely tight fisted. Performance has leveled off in some sectors, risen a bit YOY in some and continues to slide in others (telecom). Does this sound like an environment where already high stock prices can sustain a rally? At best, we are in another bear market rally. The question is how long it will continue before the smart money bails. I am not so sure about a sea change. Watch out for the rip tides. :)

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