Main Street vs Wall Street
When I was doing my research for my 'Layoffs post', I noticed that when a company announces layoffs, their stock price often goes up. Interesting huh? Here's a question for you to ask your financial advisor.
How come? Who does Wall Street think is gonna buy their stuff if everybody's unemployed?
Today, the Dow Jones dropped 251 points to it's lowest level since May 7, 1997.
HEY!.............................MANAGEMENT!
ARE YOU GONNA LAY SOMEBODY OFF TODAY OR TEACH THEM HOW TO SELL?
How come? Who does Wall Street think is gonna buy their stuff if everybody's unemployed?
Today, the Dow Jones dropped 251 points to it's lowest level since May 7, 1997.
HEY!.............................MANAGEMENT!
ARE YOU GONNA LAY SOMEBODY OFF TODAY OR TEACH THEM HOW TO SELL?
Rick,
When a company announces layoffs there is an assumption that they will be non key individuals or dead weight laid off. This cutting of the fat decreases costs and assuming sales/revenue remain level the net profits are increased.
Reply to this