Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.27

-5.6%

3:59 PM EST

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To: michael97123 who wrote (46202)	5/4/2001 10:39:03 AM
From: Tony Viola	Read Replies (1) of 70976

Michael, that jobs drop announced today was huge, but I'd like to know who thought the jobs delta would be positive. New layoff announcements have been coming almost daily in the last couple of months. Another case of a statistical prediction, and those things lead the Fed around by the nose, being totally wrong. I'd be afraid that the huge jobs loss would really undermine consumer confidence again, causing people to spend less, especially on discretionary items like computers, cell phones, etc. Of course, that doesn't help semi sales, which won't help profits, which won't cause high tech companies to start hiring again any time soon. Vicious circle.

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