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my pointer seems constantly busy with the circular ring ... it just started what could it mean?

hp probook 4530s
Microsoft Windows 7 (64-bit)


This just started happening a few day ago. You know that little circle that sometimes hovers around your pointer on the screen? It will circle as if busy? Well mine started doing that constantly two days ago. I am wondering does that mean something is failing? I do have an older notebook, but it has always been good. I've had upgrades to it, also.

Am I right in my assessment that the little circle going around indicates it is busy? If so, why would it constantly do that now? Thanks for answering what must seem like a dump question.

Also, I was not sure where to post this question. If this is the wrong place can you recommend?

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