IT spending picked up a lot of steam this week from my personal expericence and more importantly from response from large suppliers I deal with.
One week is not going to make dent in marked slowdownn of last 10 weeks but at least it doesn't look like world is coming to end. Jobless numbers are going to defintely come way down in next 3-4 weeks if tech economy keeps going like it has been in last 5 days. July 1, we have non-profits, 23% of economy, spending of new budgetary money kicking in.
It will be tough call to see how street will play economic results. Half full and rising or half empty getting insipid.