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Re: Joey Smith post# 77060

Thursday, 03/05/2009 3:20:13 PM

Thursday, March 05, 2009 3:20:13 PM

Post# of 152224
>> I think the market is giving Obama & his team an early grade on their performance so far...
<<

OK, so that might explain why stock prices are crashing. (But I don't think so). Why are employers letting go their employees ?

Isn't it much more likely that the reason stocks are crashing is because employment is crashing ? Therefor incomes are crashing. Therefor company profits are crashing. Therefor company shares are crashing.
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