I will never understand why some people think the stock market is predictable. Or sane.
This particular downturn seems to have been caused by a jobs report showing that the U.S. added plenty of new jobs this quarter. Oh wait, excuse me, let me rephrase that… The U.S. added plenty of new jobs, but not as many as economists were predicting.
And apparently, that’s enough reason to freak the fuck out and sell all your stock for a lot of investors.
I will never understand why some people think the stock market is predictable. Or sane.
This particular downturn seems to have been caused by a jobs report showing that the U.S. added plenty of new jobs this quarter. Oh wait, excuse me, let me rephrase that… The U.S. added plenty of new jobs, but not as many as economists were predicting.
And apparently, that’s enough reason to freak the fuck out and sell all your stock for a lot of investors.
Every company I’ve worked with in the last ten years has been cutting jobs, rather than staffing out they prefer skeleton crews.