80,000 jobs lost...stock market rises

[spanone]

go figure

[easy_b94]

1. 80,000 Jobs :(

[hobbit709]

2. That's because the market has nothing to do with reality.

[unpossibles]

3. I'm still waiting for the trickle down effect to happen

you know, better stuff in the thrift stores.

I think "trickle down" refers to being pissed on.

[swag]

4. In the U.S., we privatize profits and socialize losses.

[lordsummerisle]

5. This has happened before

as long as the bottom-line improves it doesn't matter how it's happened, including job losses...

[guitar man]

6. not surprising

Those who own for a living see the elimination of the jobs of those who work for a living as "cost saving measures" that increase profits. The suffering of those who lost the jobs doesn't factor in anywhere in their equations. Inconsequential casualties in the quest for more, more, more...:(

[Beausoleil]

9. Exactly

Jettisoning labor "liabilities" almost always positively affects the bottom line in the short term, thereby positively affecting stock price. This has always been the case and is not new.

I think it has something to do with a trade off of more unemployment for less risk of inflation. Stockholders and fund managers are much more fearful of the inflation bogeyman than they are of throwing a few people out on the streets and destroying families.

[marmar]

7. Wall Street is its own alternate universe....But reality will catch up sooner than later.

n/t

[NashVegas]

8. Funny How It Works Out That Way, Isn't It?

I'll never forget the first time I noticed MSM juxtaposing job losses to stock rises, especially among the companies that were doing the cutting. It was sometime in the early 1990s.

[Lint Head]

10. The rich get richer on the backs of the middle class and poor.

The middle class and the poor are technically slaves when corporations and financial institutions are not heavily regulated. :dem:

[Freddie Stubbs]

11. Causation Fallacy?

:shrug:

[Zynx]

13. People never will understand that the market on a day to day basis does not

trade off the headlines necessarily. Sometimes yes, but it all depends on expectations as well as where the market has already been.

[fascisthunter]

12. Therefore What is Good for Wall Street is Not Necessarily Good for America

They highlight their own intersts all too well these days. I'd imagine they were much more discreet in the past, but now folks can see an economy that profits from American's misfortune. Dangerous motive for profit, just like war itself.