[quote=The-Shoveler]The Stock market and the local economy seem to be in different universes as far as I can see.
very interesting.
Usually I can tell just by looking at L.A. Traffic if we are heading into a downturn, Seems busier than ever right now.[/quote]
Last time we were in the epicenter of the bubble. Everybody and their brother was a mortgage broker or real estate agent. The sales declined and their income started drying up before the bubble popped. This time we’re going along for the ride. There will probably be some job impact in technology and biotech though. QCOM stock peaked a year and half ago. The biotechs peaked about 6 months ago.
