Kosar_For_President Posted October 21, 2010 Report Share Posted October 21, 2010 What's your guys take on this? Many companies are posting strong gains (Caterpillar, up 94%, etc). Link to comment Share on other sites More sharing options...
Westside Steve Posted October 21, 2010 Report Share Posted October 21, 2010 What's your guys take on this? Many companies are posting strong gains (Caterpillar, up 94%, etc). I don't think anyone predicted the downturn would be permanent. It's gone on a hell of a long time but the US isn't going to just fold. It's good news and I'm sure the spinmeisters are on top of it on both sides . WSS Link to comment Share on other sites More sharing options...
calfoxwc Posted October 21, 2010 Report Share Posted October 21, 2010 It's a great thing... but you have to know that cap n trade would have killed it bigtime, killed, along with the gains from marketing internationally. I wish it reflected hope for the unemployed. Got an email on a study - 82% of our IT services are in-house... next year, I think it was... that percentage will be.... 49%. And, major national budget cuts will have to be made. Will we have riots like in Greece, and France... and....... GB is also facing huge budget cuts. Huge cuts. I wish I knew how it all ends up.... Link to comment Share on other sites More sharing options...
heckofajobbrownie Posted October 21, 2010 Report Share Posted October 21, 2010 I think it's small consolation. It's nice to have some stability in the markets for the people who are nearing retirement, but this isn't really indicative of how the country is doing as a whole. And there's no guarantee the markets will stay around 11,000 either. It could be temporary. Link to comment Share on other sites More sharing options...
Mr. T Posted October 21, 2010 Report Share Posted October 21, 2010 We have created another bubble in the markets, the price of stocks are over inflated. They rose out of news of mad profits made by companies and not on how valuable the companies are. We will see a correction soon. What is good for Wall St. is not always what is good for Main St. Unemployment across the board is still at 10% Link to comment Share on other sites More sharing options...
Kosar_For_President Posted October 22, 2010 Author Report Share Posted October 22, 2010 We have created another bubble in the markets, the price of stocks are over inflated. They rose out of news of mad profits made by companies and not on how valuable the companies are. We will see a correction soon. What is good for Wall St. is not always what is good for Main St. Unemployment across the board is still at 10% The companies that are killing it sell tangible products, not snake oil. Big difference here T. Link to comment Share on other sites More sharing options...
Mr. T Posted October 22, 2010 Report Share Posted October 22, 2010 They have been propped up. Link to comment Share on other sites More sharing options...
Kosar_For_President Posted October 22, 2010 Author Report Share Posted October 22, 2010 They have been propped up. By what, higher sales? Link to comment Share on other sites More sharing options...
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