10,750 job cuts @ WB

Discussion in 'Wall St. News' started by The Kin, Jul 22, 2008.

  1. S2007S


    Dont let this rally fool you, job losses will continue to mount pushing unemployment rates near 6% by the end of the 3rd quarter. There are tens of thousands of jobs being lost in this sector every month.

    The economy is not "chugging" along. Its barely getting by, GDP will be negative sooner than you think.
  2. JOEY O

    JOEY O

    How is WB's stock surging even though they barely beat estimates, and when they are only claiming losses on write-downs on loans that they have recieved zero payment on over the last 180 days instead of 120 days, as they have done in the past.

    Does this rally seem ridiculous to anyone else?
  3. JOEY O

    JOEY O

    8.9 billion dollar loss incurred on the quarter and the stock is up 25+%??
  4. Things are backwards... The more money a bank loses, the greater the likelihood of a juicy fed bailout.
  5. Wall Street sees the glass half full... "It could have been worse".
  6. Ohhh...and it will, just wait and see. :D