And I m very overweight wireless services and particularly overweight in overseas wireless services. Fundamental demand is very robust so that will save the day. My point is, yeah, maybe, but I don t agree. In semiconductors, it s so cyclical that we anticipate the cycles and trade ahead of them. In communications equipment, we ve never seen a cycle before.
Nobody knows what one looks like.
We re just getting to the top of the mountain. We re just staring over the top of the mountain. We don t know where the bottom is.