12,000 is only the

[patientlywaiting]

12,000 is only the beginning. Countrywide needs to layoff 40,000, shrink and right-size in order to survive.

Look for Thousand Oaks to be hammered. It’s very Carmel Valley like to me.

Amgen and Countrywide both laying off.

Note that this NPR report is before the 12,000 layoff announcement.
http://www.npr.org/templates/story/story.php?storyId=13972673

Once the venture capital dries up and more and more drugs go generic, the biotech sector will be hit hard.

This is only the beginning of layoff induced hard times.

1. Subprime = price drops
2. Alt-A = more price drops
3. Prime = more price drops
4. Fraud and Lies = more price drops
5. Foreclosures to market = more price drops
6. Layoffs = more price drops
7. More foreclosures = more price drops