Tab
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Mon Jan-26-09 12:28 PM
Original message |
Home Depot = 7000, Catepillar = 20,000 (!), Pfizer 19000, Sprint 8000 |
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All news stories in the last hour.
Not good.
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Earth_First
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Mon Jan-26-09 12:30 PM
Response to Original message |
1. That ought to do amazing things to the market... n/t |
Auggie
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Mon Jan-26-09 12:32 PM
Response to Reply #1 |
2. That ought to do amazing things to their quarterly profits |
lib2DaBone
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Mon Jan-26-09 12:59 PM
Response to Reply #1 |
8. The Market is up. Wall Street likes layoffs.... less wages is less expense to the bean counters. |
HereSince1628
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Mon Jan-26-09 12:34 PM
Response to Original message |
3. The DOW is up 100 or so... |
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Couple of thoughts I had...
1. Everyone expects manufacturers to cut jobs. The expected doesn't have the shock value of the unexpected...
2. Cutting jobs/costs is what the investors want to see if the company is projecting poor future profits.
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AndyA
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Mon Jan-26-09 12:35 PM
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4. And just think: as recently as 6 months ago, Bush and the GOP was telling us how great things were. |
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The market was basically solid, the economy was slowing, but no recession.
LIARS. If justice is served, they will be held accountable for their actions.
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blue_onyx
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Mon Jan-26-09 12:40 PM
Response to Reply #4 |
5. They knew it was coming... |
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but Bush and Mr. "the fundamentals of the economy are strong" were just praying the economic collapse would hold off until after the election.
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aquart
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Mon Jan-26-09 12:54 PM
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6. 54,000 jobs lost before lunch? |
Tab
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Mon Jan-26-09 02:01 PM
Response to Reply #6 |
11. Actually it was slightly higher, but it was my fault |
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I think the number was 59,000 - I must have left off a company or something.
Yes. Welcome to Monday.
Apparently everyone's done their year-end accounting, and it wasn't pretty.
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Romulox
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Mon Jan-26-09 12:55 PM
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7. All of those companies need to CUT WAGES to parity with their Asian competitors |
lib2DaBone
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Mon Jan-26-09 01:02 PM
Response to Reply #7 |
9. Yes.. it's a race to the bottom. |
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A soon as America is living like the Vietnamese poor, then CONgress will be happy. The wealthy uber-class is the only thing in America that counts.
:sarcasm:
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Romulox
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Mon Jan-26-09 01:03 PM
Response to Reply #9 |
10. Hey. As we learned this past December: if you enjoy a better lifestyle than they do in Alabama |
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then your wages need to be CUT!
:sarcasm:
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DU
AdBot (1000+ posts) |
Thu May 16th 2024, 05:30 PM
Response to Original message |