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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (20775)	6/20/1998 6:47:00 PM
From: Bonnie Bear	Respond to of 94695

headline of the San Jose Mercury News today is the latest large layoff- Lockheed Martin and 2500 jobs, along with a table showing the growing casualty list in Silicon Valley- Seagate, Intel, National, SGI. The headline on the Real Estate section is "Sanity emerging in Silicon Valley housing market". Inventory grew 45% from January to May and prices are dropping. We have clearly passed the RE peak here. This is a dismal sign with the low interest rates- people are afraid to buy because jobs are disappearing.