Companies Do More With Less

One of the strongest arguments for the bull is that corporate America is now flushed with cash. The idea is that they will begin to spend it, particularly in the fourth quarter, as end-of-the-year budget flushing always helps technology companies. Nevertheless, on Page 1 of this morning's Wall Street Journal, there's an interesting article suggesting that the recovery in tech is already is losing steam. As Ken Brown and Scott Thurm write, this is "terrific news for corporate buyers but is holding back a major driver of overall economic growth." READ