US Slowdown- Part 2

On 14 April , I had written about the possibilities of an outsourcing backlash , a point of view exposed by Alan Binder and Co and the same being negated by Friedman and the Indian IT services industry . Today Surya Surendran reports on the same issue in Moneycontrol . Surendran reports that the head honchos of the Indian IT services company think otherwise .His article mirrors the buoyancy of the Indian industry and the mood has been even more upbeat after HCL beat the markets expectations . I joined Infosys in the middle of 2001 and i remember that the market was very positive at that time and soon thereafter there was a great slump , we can simplistically attribute it to 9/11 , but am sure there were more factors to it.......are we reading some signals wrong .??.........