Profunds index and sector trading

[was Steve]

not yet. my wife just phoned me and the layoffs will be spread over a few years so its not like they are whacking 1 out of 10 this week which is a huge relief as she is now a manager and hasnt yet had to fire anyone. She has been very concerned about her staff. hopefully no one we know will be affected, but i do feel bad for those that are. in fact i left the semiconductor business after 13 years as i was sick of its cyclical nature.