Home Depot = 7000, Catepillar = 20,000 (!), Pfizer 19000, Sprint 8000

[Tab]

All news stories in the last hour.

Not good.

[Earth_First]

1. That ought to do amazing things to the market... n/t

[Auggie]

2. That ought to do amazing things to their quarterly profits

[lib2DaBone]

8. The Market is up. Wall Street likes layoffs.... less wages is less expense to the bean counters.

[HereSince1628]

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]

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]

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]

6. 54,000 jobs lost before lunch?

Did I add that right?

[Tab]

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]

7. All of those companies need to CUT WAGES to parity with their Asian competitors

:sarcasm:

[lib2DaBone]

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]

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: