``We're seeing some stability come in to the market,'' said Sanford Weill, chief executive of financial services giant Citigroup Inc. (NYSE:C - news). ``We're going along a sort of muddy bottom, and hopefully it turns out to be the bottom, but it's a little too early to tell.''
Weill said the series of interest rate cuts combined with a $1.35 trillion tax cut could add as much as 1 percentage point to economic growth this year, but corporate technology spending could show further weakness as companies focused on profits.
``Most CEOs are very focused on the numbers for Wall Street and there's been a lot of postponing of technology spending where the payback couldn't happen at the same time as the expense,'' Weill said.
