The debate continues. Today, Merrill's Henry Blodget weighed in. We just don't think this is a problem. We're simpler than we thought. Zale's already warned about weak holiday sales, and the market seems to be taking this as a sign that Valentine's Day isn't shaping up any better.
Analysts get tough.
The trend continues. And Prudential's Jim Dougherty cut his estimates on Razorfish , noting that the company may not survive the slowdown in demand. The Street still has some faith. The belief that the rate cut process that began last month is going to very quickly jumpstart the economy and the stock market and most specifically the techs is so pervasive as to approach a religious belief among investors and Wall Street spokespeople. So if things get worse fast, that's good, because then they can get better fast, too.