The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (9987)	3/26/2003 4:46:54 PM
From: larry	Read Replies (1) of 306849

Lizzie, Never say never. 3 of my relatives/friends were laid off in the last 2 weeks and they work in the telecom area. They have survived until...recently. Meanwhile, big pharma and biotech industry are also in very shaky ground. Take ABI. They lost a ton of customers in the recent quarter and will likely announce shitty earnings for the 1st half of 03. If things don't get any better, they will let go another 10% of their work forces by the end of Q2 or Q3. And ABI is one rare case that a biotech company is still making money. Wyeth, SKB, Bayer, Roche,Merck, Abbott etc are all likely to announce significant layoffs in the next 2-3 quarters. If the safe haven is not safe, what is safe right now? larry

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