Home Depot = 7000, Catepillar = 20,000 (!), Pfizer 19000, Sprint 8000
Tab
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:28 PM
Original message
Home Depot = 7000, Catepillar = 20,000 (!), Pfizer 19000, Sprint 8000
All news stories in the last hour. Not good.
Earth_First
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:30 PM
Response to Original message
1. That ought to do amazing things to the market... n/t
Auggie
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:32 PM
Response to Reply #1
2. That ought to do amazing things to their quarterly profits
lib2DaBone
(1000+ posts)
Send PM |
Profile |
Ignore
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
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:34 PM
Response to Original message
3. The DOW is up 100 or so...
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.
AndyA
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:35 PM
Response to Original message
4. And just think: as recently as 6 months ago, Bush and the GOP was telling us how great things were.
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.
blue_onyx
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:40 PM
Response to Reply #4
5. They knew it was coming...
but Bush and Mr. "the fundamentals of the economy are strong" were just praying the economic collapse would hold off until after the election.
aquart
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:54 PM
Response to Original message
6. 54,000 jobs lost before lunch?
Tab
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 02:01 PM
Response to Reply #6
11. Actually it was slightly higher, but it was my fault
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.
Romulox
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 12:55 PM
Response to Original message
7. All of those companies need to CUT WAGES to parity with their Asian competitors
lib2DaBone
(1000+ posts)
Send PM |
Profile |
Ignore
Mon Jan-26-09 01:02 PM
Response to Reply #7
9. Yes.. it's a race to the bottom.
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:
Romulox
(1000+ posts)
Send PM |
Profile |
Ignore
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
then your wages need to be CUT! :sarcasm:
DU
AdBot (1000+ posts)
Wed May 01st 2024, 04:28 AM
Response to Original message
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion
board, visitors agree to abide by the rules outlined on our Rules
page. Messages posted on the Democratic Underground Discussion Forums are the
opinions of the individuals who post them, and do not necessarily represent
the opinions of Democratic Underground, LLC.