As noted by Andy Beal earlier today there appears to be some unnecessary alarmism regarding the current state on online ad spends. I say unnecessary because as we have noted on another occasion the media really has a twisted sense of when the sky is falling. According to the Wall Street Journal today there is actually cause for celebration from the 2nd quarter numbers for Internet advertising rose 20%. So what’s your take? Should we panic and go back to smoke signals or just struggle through a sluggish 20% growth cycle?

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