Some contrarian news

USUALLY when these BIG announcements are made, they tend to be near or at the bottom of the cycle. Managements like to EXTRAPOLATE.( Extend the application of (a method or conclusion, esp. one based on statistics) to an unknown situation by assuming that existing trends will continue or similar methods will be applicable)

 From experience I remember a lot of lay offs towards the end of 2002...maybe a sign that a rally is imminent.