Unlike me, as our country ages, its hangovers are getting shorter. Got me, but it looks like proof that our economic watchdogs are getting better at their jobs. Sure, George W. accomplished a few things in Texas, but he was only there for five years. Even more worrisome was that he'd only served five years in political office. Referring back to the NBER data, we see that the postwar cycles have varied from 28 months to our current run of 123 months.
Macroeconomic cycles vary in length and so do industry-specific cycles.
Again, back to the art of investing . Educated guesses require some sort of reference point, and that's where the business cycle comes in to play. Intel has weathered a number of peaks and valleys over the last decade. It should be evaluated by looking at its performance through a complete inventory correction. Finding a middle ground is obviously necessary to look at Cisco going forward.