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To: michael97123 who wrote (14995)8/27/2001 2:58:16 PM
From: geode00  Read Replies (1) | Respond to of 42834
 
Fujitsu, Hitachi and now Toshiba laying off chip workers in Japan now. Japanese unemployment rate will actually top US. Since layoffs usually occur later on in a down cycle, maybe this is indicative of a bottom. Who knows?

Then again, the S&P pe is around 26-28 and the Nas100's is apparently north of 70-80. Seems like something needs to move: price or earnings.