Damn recession !!

[Scataphagos]

Quote from hajimow:

I cannot prove that I am right or you are wrong.

Companies are not welfare and charity organizations. You cannot expect them to hire more than they need or hire 10% of unemployed that 5% of them have no talent. You should buy the stock if a company lays off people and its revenue goes up.
Remember, not only their profit is up their sales is also up too. Check out ADI, they had history record sales. Tell me how you can increase sales by laying off people?

You are not arguing my point.

All I said was that the cost savings from reducing "unnecessary business meetings" was small compared to the cost savings from reducing personnel.

Unfortunately for the unemployed, many companies have discovered these last 2 years that they can get by quite nicely with significantly fewer employees. That will make it more difficult for companies to justify the expense of hiring new employees.... will contribute to sloooooow job growth.

 

[hajimow]

Quote from Scataphagos:

You are not arguing my point.

All I said was that the cost savings from reducing "unnecessary business meetings" was small compared to the cost savings from reducing personnel.

Unfortunately for the unemployed, many companies have discovered these last 2 years that they can get by quite nicely with significantly fewer employees. That will make it more difficult for companies to justify the expense of hiring new employees.... will contribute to sloooooow job growth.

Thanks for sharing your ideas. I believe job growth will come soon because companies will realize that they cannot grow without hiring but some jobs are gone for ever.

 

[Scataphagos]

Quote from hajimow:

"... I believe job growth will come soon..."

Fade that.

 

[hajimow]

Quote from Scataphagos:

Fade that.

Just imagine how the market will react if next month unemployement drops from 9.5 to 9.3 !!

 

[Scataphagos]

Quote from hajimow:

Just imagine how the market will react if next month unemployement drops from 9.5 to 9.3 !!

Might but likely phony-baloney. Government can "massage" data for effect.

 

[MohdSalleh]

and to add today:

Salesforce -record revenue

Intuit- blows past analyst estimates.

The world is going insane.

 

[hajimow]

Quote from MohdSalleh:

and to add today:

Salesforce -record revenue

Intuit- blows past analyst estimates.

The world is going insane.

A year from now:
Company XXX had $10 per shares loss and they said the outlook is gloomy and they forecast $20 loss per share for next Q and shares surged 40% AH and hit 52 weeks high