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Post by ferris1248 on Apr 26, 2024 9:15:22 GMT -5
The real question is why is the Dow up so high? Could it be all the money printing going on? Or could it be that just the top seven tech companies are carrying the load? Many companies are laying off people. CH Robinson is laying off something like 15% of their workforce. JB Hunt and other large transportation companies are doing the same. American and Southwest Airlines are laying off and reducing service. Plus many other economic indicators are all pointing down. American is laying off in Dallas and Phoenix due to consolidation of services. Workers will receive severance and opportunities for employment in the company. (Happens in large corporations quite frequently) Southwest Airlines (being almost exclusively 737s) is crunched by Boeing's difficulties. Also had a bad year in '23 although the 4th quarter was decent. Hence the curtailment of some services resulting in layoffs. Neither has to do with "money printing". Why is the DOW so high? I'd guess anticipation of rate cuts, anticipation of M & A movement and fundamentals. |
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Post by johngalt on Apr 26, 2024 9:22:29 GMT -5
The real question is why is the Dow up so high? Could it be all the money printing going on? Or could it be that just the top seven tech companies are carrying the load? Many companies are laying off people. CH Robinson is laying off something like 15% of their workforce. JB Hunt and other large transportation companies are doing the same. American and Southwest Airlines are laying off and reducing service. Plus many other economic indicators are all pointing down. American is laying off in Dallas and Phoenix due to consolidation of services. Workers will receive severance and opportunities for employment in the company. (Happens in large corporations quite frequently) Southwest Airlines (being almost exclusively 737s) is crunched by Boeing's difficulties. Also had a bad year in '23 although the 4th quarter was decent. Hence the curtailment of some services resulting in layoffs. Neither has to do with "money printing". Why is the DOW so high? I'd guess anticipation of rate cuts, anticipation of M & A movement and fundamentals. Never said the airline problems were due to money printing other than the inflation that it causes. Getting a severance doesn’t mean that you are not laid off. Unless it’s one hell of a severance package you’re still going to be looking for a job. The economy may be rosy for Wall Street but out on Main Street it’s looking pretty rough. |
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Post by ferris1248 on Apr 26, 2024 9:50:28 GMT -5
American is laying off in Dallas and Phoenix due to consolidation of services. Workers will receive severance and opportunities for employment in the company. (Happens in large corporations quite frequently) Southwest Airlines (being almost exclusively 737s) is crunched by Boeing's difficulties. Also had a bad year in '23 although the 4th quarter was decent. Hence the curtailment of some services resulting in layoffs. Neither has to do with "money printing". Why is the DOW so high? I'd guess anticipation of rate cuts, anticipation of M & A movement and fundamentals. Never said the airline problems were due to money printing other than the inflation that it causes. Getting a severance doesn’t mean that you are not laid off. Unless it’s one hell of a severance package you’re still going to be looking for a job. The economy may be rosy for Wall Street but out on Main Street it’s looking pretty rough. I've been in the workforce for 63 years. Been laid off several times. When I was, there wasn't any severance, extension of medical, or job retraining. I simply got off my ass, went and found another job. Sometimes the job was better, sometimes it was worst. It happens. Companies expand and companies contract. As for the economy? We've been spoiled by low interest rates for years. They couldn't stay there forever. Housing and food continue to be higher but are moderating. I go out and see full restaurants, people shopping for clothes, people in bars and lounges enjoying themselves, going on vacations, etc. . I also see folks spending their money more wisely. TJX, BURL, ANF, AEO are all trending upward. Is it rosy? It's rosier than some want to acknowledge. |
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Post by cadman on Apr 26, 2024 10:14:44 GMT -5
The real question is why is the Dow up so high? Could it be all the money printing going on? Or could it be that just the top seven tech companies are carrying the load? Many companies are laying off people. CH Robinson is laying off something like 15% of their workforce. JB Hunt and other large transportation companies are doing the same. American and Southwest Airlines are laying off and reducing service. Plus many other economic indicators are all pointing down. Stock market goes down, blame it on inflation and the economy, Stock market goes up, blame it on inflation and the economy. Make up your damn minds! |
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Post by cadman on Apr 26, 2024 10:22:51 GMT -5
American is laying off in Dallas and Phoenix due to consolidation of services. Workers will receive severance and opportunities for employment in the company. (Happens in large corporations quite frequently) Southwest Airlines (being almost exclusively 737s) is crunched by Boeing's difficulties. Also had a bad year in '23 although the 4th quarter was decent. Hence the curtailment of some services resulting in layoffs. Neither has to do with "money printing". Why is the DOW so high? I'd guess anticipation of rate cuts, anticipation of M & A movement and fundamentals. Never said the airline problems were due to money printing other than the inflation that it causes. Getting a severance doesn’t mean that you are not laid off. Unless it’s one hell of a severance package you’re still going to be looking for a job. The economy may be rosy for Wall Street but out on Main Street it’s looking pretty rough. Consumer confidence still over 100 |
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Post by nuevowavo on Apr 26, 2024 13:38:02 GMT -5
Unemployment is below 4%, has been since 2018 (except for the Covid blip). Companies lay off workers for many reasons, and often in certain industries while others are fine. The economy is fine, but inflation is the problem. Prices for goods have for the most part stabilized, and even dropped in some areas, but the service sector is still an issue there. Part of the services increase is in the financial sector, caused by increased commissions due to the rising markets. Go figure.
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Post by nuevowavo on Apr 26, 2024 13:39:46 GMT -5
Stock market sharply down this morning due to: WORSENING ECONOMY AND RISING INFLATION But, but, but JB & crew said it was going good ? I guess more BS from the front office. If they say over and over shit soup tastes good I think they expect everyone to grab s spoon and dig in. Yummy. Yummy.
No comment on today's market action?
The tide comes in, the tide goes out.
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Post by ferris1248 on Apr 26, 2024 13:50:18 GMT -5
Stock market sharply down this morning due to: WORSENING ECONOMY AND RISING INFLATION But, but, but JB & crew said it was going good ? I guess more BS from the front office. If they say over and over shit soup tastes good I think they expect everyone to grab s spoon and dig in. Yummy. Yummy.
No comment on today's market action?
The tide comes in, the tide goes out.
Yep |
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Post by ferris1248 on Apr 26, 2024 13:51:52 GMT -5
No comment on today's market action?
The tide comes in, the tide goes out.
Yep On the other hand, Laura Rutledge might the hottest 35 year old on the planet. |
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Post by Zif on Apr 26, 2024 13:53:01 GMT -5
And if it goes out too much then there's the good old Plunge Protection Team to save the day.
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Post by throttle on Apr 26, 2024 17:12:30 GMT -5
For some perspective: The S&P 500 is up roughly 20% in the last 12 months. Inflation causes the price of everything to go up. |
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Post by throttle on Apr 26, 2024 17:16:04 GMT -5
Unemployment is below 4%, has been since 2018 (except for the Covid blip). Companies lay off workers for many reasons, and often in certain industries while others are fine. The economy is fine, but inflation is the problem. Prices for goods have for the most part stabilized, and even dropped in some areas, but the service sector is still an issue there. Part of the services increase is in the financial sector, caused by increased commissions due to the rising markets. Go figure. We've got 7 million new illegal aliens who aren't working (legally), on top of the 20 million who were already here. Are they being counted? |
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Post by Tarponator on Apr 26, 2024 17:27:21 GMT -5
For some perspective: The S&P 500 is up roughly 20% in the last 12 months. Inflation causes the price of everything to go up. Of course it does. However, what is the difference between inflation and the S&P? |
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Post by walkerdog on Apr 26, 2024 19:49:37 GMT -5
For some perspective: The S&P 500 is up roughly 20% in the last 12 months. Now tell us what it’s done in the last 40 months. Not nearly as rosy. |
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Post by pinman on Apr 26, 2024 20:48:14 GMT -5
Inflation causes the price of everything to go up. Of course it does. However, what is the difference between inflation and the S&P? Inflation affects every household in the US. The S&P only affects those who hold stocks. |
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