Replies to post #348542 on Zeev's Turnips Patch-No Politics (ZEEV)

[Bearmove]

Wrong

[Bearmove]

Last week, The Street.com reported the results of two surveys that indicated a rise in tech spending. "Citing a study by trade publication CRN, Merrill Lynch analyst Steve Milunovich said 69% of large firms surveyed expected to increase their technology budgets over the next 12 months, an increase of 16 percentage points over a September survey. And only 11% of the firms surveyed said they expect to cut spending. Networking hardware and software spending expectations reached multiyear highs, breaking out of the relatively low range of expectations seen over the past two years, but the survey also found spending in other technology markets and categories will likely be up across the board, Milunovich said," the article said. "Separately, a survey by Piper Jaffray found that plans for IT spending are at their highest levels in eight quarters. And it, too, found a very low percentage of companies expecting to cut IT spending in the next six months -- just 12%."

[Bearmove]

Meanwhile, Reuters picked up on a survey of chief financial officers: "Many U.S. companies plan to raise capital and technology spending in 2005 as they seek to comply with new federal accounting laws passed after the slew of bookkeeping scandals over the last few years. Consumers may feel the effect of the technology spending, as more than three-quarters of those companies plan to pass along at least half or all those increases, according to a survey of U.S. chief financial officers," the wire service reported. "According to the quarterly survey, which polled 185 CFOs of public and private companies, U.S. companies, on average, plan to increase technology budgets by 12% over the next 12 months. The figure was 7% when the 12-month outlook was last published three months ago."

[porter]

Bonds, Equities, Real Estate - all will get trashed.
Just like the 1970s
--------------------------------------------------------------

What about Gold? I figga it'll go to R.R.'s $3000 'n ounce.<GG> Only the doll-er will be "worth-less" so u're gonna half to convert 'em into Yuans, Fifes and Tents. (Person-ally my favor-it is the nineteen sixteen Standing Liberty quart her.)

'N then Westy, u're not factoring in the wife's law firma goin' undher or all those fires in the nayborhood to collect the insurance monee. (Is there a "pure-play" in fire extinguishers?) I'm tellin' ya u ain't seen nothin' yet. Three holmes down from me the dude burnt the house down, collected $800K...and then sold the lot for $1.2. If that ain't creative purrsonal phinance u tell me what is?
Hey, what's fair is fair.

Now get your count straight, will u? It's gonna be "a ten to fifteen year plateau to hell" so practice patience and break out the yoga mat.
eBay sells 'em and they need your business ahh-speciallee after last weaks act-shun.

Cheers.