I work @ a place where pers. data & comm. chips are made, one of the very few silicon valley-type factories (fab) in SoCa. Having survied the 2nd wave of pink slips by taking a demotion, it sure beats being on the street. Lost 1/2 of my staff, & I'm now just another engineer :eek:; have 8-years of of high-$ construction management, but haven't built anything worth mentioning in 2-3 years.
Co. stocks went from a high of $130 in the early spring of '00 to ~12 last week. All my options are essentially worthless.
I had a choice of either not riding or replacing the piston (it was time). We'll, that was an easy & cheap one.
My boy's tennis lessons have ceased, as have tournaments.
Home sales in the lower bracket remain brisk, & the bottom is eroding in the mid to upper ranges. Business vacantcies are up to '89 levels, but residental rentals availabilities are low; we belive people cannot afford to move (1st & last, down payments) due to mounting personal debt & over extension.