The evidence of gathering economic strength is becoming increasingly difficult to ignore.

Clearly the far more important factor for tech is the relative strength of the economy. It trumps the dollar situation. But if the dollar improves, it does take the bloom off the rose for some of the sales numbers that companies have reported.

Medicine and health care are becoming increasingly complex.

Physics is becoming too difficult for the physicists.

The conditions are becoming increasingly adverse. It is grave, and being realistic, we think the situation is difficult.

Investing in their business in order to put in place an infrastructure of the Amazon of tomorrow is becoming, increasingly, an expensive proposition. And it becomes painful, if you will, for investors to wait for that to happen.