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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: octavian who wrote (42446)1/29/2009 1:26:43 AM
From: Skeeter Bug  Read Replies (1) of 42834
 
>>--You are a very negative person! I suspect you read Fleckenstein and his ilk too much. -:) You need more variety in your reading. :)<<

no octavian, i read THE NEWS.

last monday companies publicly said they were axing 75k jobs.

who knows how many jobs smaller companies cut on top of that number without a press release.

we've already lost over 500k jobs per month the last three months running.

i will be surprised if this month doesn't top 600k.

now, think "outside the box" here... are job losses of this magnitude good for the economy?

don't wait for obama to save your day... $186 billion is all he will spend to "stimulate" the economy through september.

not gonna do much.
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