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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (445680)1/7/2009 12:13:17 PM
From: Road Walker  Read Replies (2) | Respond to of 1575023
 
Stocks also fell because technically the markets are overbought.

I'm more worried about the economy than the markets.



To: tejek who wrote (445680)1/7/2009 12:28:55 PM
From: bentway  Read Replies (3) | Respond to of 1575023
 
Look for scores of corporations worldwide laying people off that they didn't want to lay off during the holidays, Ted. The first half of January should show some real employment carnage.

It may be bullish for the markets though! They like it when corps cut costs. On the other hand, there will be a lot less employed people to buy stuff, and the people still employed will be hunkering for the second wave of layoffs..


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