Clearly, investors were not expecting bad news from IBM. |
It's notoriously a very volatile number, but it went to record levels just a scant year ago. |
Look at most of the warnings, they continue to be in the technology sector. |
Tech and telecom are undergoing a substantial re-evaluation in the marketplace. |
We continue to underestimate the move to a service-oriented economy. The traditional manufacturing side of the U.S. economy will continue to shrink. |