When Wall Street sneezes

Dean Bubley makes an interesting point "And I've been watching tech & wireless stocks escape with (comparatively) little damage. Who would have thought, 7 years ago, that it would be banks' and insurers' turns in the firing line?"

When an industry spends over 10% of revenues on tech and is hit so hard, tech is bound to also suffer. Larry Dignan summarizes the likely ripples.

Actually, even within tech vendors the exposure is varied depending on how much comes from manufacturing and other services rather than financial services . So, IBM is a bit more exposed than HP. Infosys more exposed than HCL. SAP (at least in the US) less exposed than Oracle.

Of course, the cycles happen on Wall Street all the time, but this time there is way more (forced) consolidation going on, and that will lead to more secular changes - and opportunities - in tech spend.