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Now that the election is over, the real question facing tech investors is the same today as it was in January 2009 — how to play the Jobless Recovery.
Clearly, the stats show a modest rebound — weak progress on jobs that is just slightly ahead of population growth.
I still see a sluggish economy for the next few quarters. We haven't had any news out of Washington — from either party — to give employers the confidence they need to hire in a big way.
Now, with Obamacare kicking in along with new regulations on banks and finance companies, I believe that trend will continue.