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by: djhathPosted on 2009-02-25 at 19:23:15ID: 23741259
First culprit could be something like your anti-virus software. Wouldn't hurt to disable that to see if affects system performance.
You could also have some type of malware interfering with your system. I would recommend scans with SpyBot, Malwarebytes
Something that might help clue what is going on is once you encounter the hour glass, try to get to the Windows Task Manager (CTRL-ALT-DEL), get to the Performance tab to see visually if you notice a spike in CPU utilization.
If so, try to get the hourglass to repeat itself, and go to the Process tab, rank the processes in descending order by the CPU column, notice for anything significant 25%, 50%, 75% or better. I'd say anything less than 10% is likely negligible.