News Focus
News Focus
Post# of 36151
Next 10
Followers 84
Posts 36520
Boards Moderated 1
Alias Born 07/08/2002

Re: was Steve post# 981

Thursday, 04/10/2003 1:18:12 PM

Thursday, April 10, 2003 1:18:12 PM

Post# of 36151
It's the "many anticipating a need to reduce payrolls over the next six months" that has me worried. Over the next 6 months? That can't be good news for anyone. You know what they say: It's a recession when your neighbor losses his job but a depression when you lose your job. And we continue to lose a hell of a lot of jobs. Who's going to buy stuff and bail the economy out with so many job cuts. And even the ones that can find jobs, it is at a 30-50% salary cut. That has to affect the pocket book big time.

JMHO

"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

"Those Who Would Sacrifice Liberty for Security Deserve Neither." -Benjamin Franklin

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today