In the last six months, we've seen the culmination of the irrational exuberance found in the dot.com industries that has rippled through all the other industries.

Spending on equipment was the strongest since the last irrational exuberance of the dot.com boom in early 200.

It's the final ripple of the dot.com boom. It finally hit the boardroom and the CEO.

Three years ago, you had irrational exuberance, ... Currently you've got irrational despondency.

You've got to take into account the studies were done before 9/11, before the dot-com industry went bust. There are fewer employees now in the U.S. 36 corridor than 2001, so there are a whole host of reasons to consider.

I've seen it in all sorts of industries.