Stocks Thumped Amid Profit Woes

[jayfish]

http://www.msnbc.com/news/158521.asp?0cv=CB10

-SNIP-
DISHEARTENING RESULTS and less than dazzling forecasts prompted a sell-off in several sectors, notably health care and technology. Analysts said investors were feeling let down after a month of bidding stocks higher in anticipation of a robust quarter.
-SNIP-

Yep, we've turned the corner folks, 200,000 jobs by spring :eyes:

Jay

[ixion]

1. that's 200,000 more jobs lost, you mean, eh?

;-)

yeah... some recovery. :eyes:

It's funny... in the last recovery you could actually look for a job.

[jayfish]

3. Not Exactly True.

Remember the last recovery actually started under Bush Sr. :eyes: and I don't remember seeing too many help wanted signs around then.

</sarcasm>

Man, I've never used :eyes: this much in one day. :eyes: seem rather fitting today though.

Jay

-edited to denote sarcasm-

[ixion]

4. point taken...

I guess I was thinking more about the 95-2000 era, when jobs were plentiful.

[Peace_2_Everyone]

2. The Local Small Town wal-mart is cutting back hours

Oh there is still plenty of work to do it's just that Wal-mart treats the lower paid employees like a huge financial burden. Never mind these people are the ones move the freight and stock the shelves assist the customers. Upper management hasn’t cut back on their wages, but they are asking and ordering the grunts to go home early without pay. This should make the end of quarter payroll numbers look good to the suckers in the stock market.

That’s my take on it anyways.
Its all about image nowdays isn’t it?

[DebJ]

9. Walmart info

During the California recall race, one of the runners in the race mentioned that Walmart gives out applications for food stamps when it hires people.

The next day on tv, I saw a show on the Forbes 500 wealthiest Americans, and the 4 Walmart heirs are solidly set at positions number 4-8.

Hmmm

[On the Road]

5. When All the Good News is Priced In

and investors expect perfection, there's nowhere to go but down.

My 125% short portfolio may be starting to pay off.

[lucky777]

6. Did you see YESTERDAY'S New York Times?

There was a big article on how earnings were going to soar this quarter, how we had turned the corner. One day later, a single day, 24 hours, the news is almost completely bad, with large companies reporting disappointing earnings. How could they be so far off? Do they really believe themselves?

[jayfish]

7. Sounds Like They Front Loaded The Announcements...

with good news. Take your profits and run for cover.

Jay

[shoebooty]

8. big drop ahead

markets should start dropping now. This is just a bull in a bear market. The bear is hungry.

[newyawker99]

10. Hi shoebooty!!

Welcome to DU!! :toast:

[Hawkeye-X]

11. And the bears are quite busy eating the bulls...

*chomp chomp*
*belch*
NEXT BULL!

Hawkeye-X