This document summarizes a journal club discussion on cell cycle kinetics of hematopoietic stem cells. It discusses the concepts of quiescence and dormancy in stem cells and compares the conventional and dormancy models of hematopoiesis. It reviews different methods for studying stem cell quiescence like BrdU, H2B, and CFSE labeling and their advantages and disadvantages. It highlights a recent study using CFSE labeling that challenges the notion that stem cell function is directly associated with quiescence and that long-term repopulating stem cells are permanently split into cycling and dormant populations. It proposes hypothetical dynamic models of steady state hematopoiesis where the quiescent and cycling fractions of stem cells fluctu