Investors ignore swelling profits, dump stocks | The Columbus Dispatch
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#1 Jul 19, 2010
The smart money knows they can't trust earnings 'projections' based on accounting gimmickry in the face of continued unemployment and slow consumer demand. .
#2 Jul 19, 2010
No surprise here. Institutional investors are driving the current market, not individual investors. Their mentality has gotten to the point where they simply sell on good news. They have created greater volatility in the market, to the point where stocks hardly trade on the merits of the underlying company.
#3 Jul 19, 2010
Obamas summer of recovery, NOT!!!
Obama and the DNC KILL JOBS and enslave us all.
Fear, and more fear from the left.
Vote the dems out and impeach the muslim man child.
#4 Jul 19, 2010
Profits come in many forms...a business is growing and makes profit, or, a business is hurting, slashes labor and other expenses, and reprots a profit.
The latter is what is happening. As mentioned in prior posts, throw in a touch of accounting gimmeckery (e.g., depreciation, derferrals, etc.), and you can cook up profit numbers.
It is obvious most companies "profits" are coming at the expense of laid off workers...this story couldn't be more shallow if it tried.
#5 Jul 19, 2010
And, from those workers that still have jobs working 40+ hours but getting paid for 32 or less.
#6 Jul 19, 2010
- well said and true.
Manipulation of employment numbers by US employers while being silently assessed for M&A by foreign country investors is playing large in US. These US companies are seen as easy pickings right now.
Any American company who is not expanding their US presence while shortening their supply chain - well,you know.
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