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(CNBC)   Thanks to Obama's borderline socialist anti-business agenda, Wall Street hits highest point in 4 years. Wait, what?   (cnbc.com) divider line 73
    More: Interesting, Wall Street, Obamas, highest point, Wall Street hits, major index, share buyback, Peter Thiel, Maria Bartiromo  
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717 clicks; posted to Business » on 21 Aug 2012 at 12:46 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-21 10:34:36 AM
No, no, no, read your talking points email subby. Anything good that happened was despite Obama.
 
2012-08-21 10:34:47 AM
It's in anticipation of the upcoming Romney presidency and a Republican sweep of both houses. And Bush's tax cuts continuing to pay off.
 
2012-08-21 10:37:48 AM

sigdiamond2000: It's in anticipation of the upcoming Romney presidency and a Republican sweep of both houses. And Bush's tax cuts continuing to pay off.


And unicorns. Don't forget the unicorns.
 
2012-08-21 10:41:33 AM

CommieTaoist: No, no, no, read your talking points email subby. Anything good that happened was despite Obama.


And just imagine how much higher it would be if Obama hadn't been actively trying to destroy it. Absolutely everyone would be in the top 1%. There would be no more 99%.
 
2012-08-21 10:46:01 AM
And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?
 
2012-08-21 10:50:35 AM
We're gonna need more whaaaaaargarbl...

/damn. personally, I haven't had a year as good as this one, since last year.
//ditto the one before that.
///but then have to go back to like 2000 to find an "up" year. If only we could figure out why we were so royally farked starting around, oh.... jan of 2001?
 
2012-08-21 10:51:52 AM

Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?


I'm sure the trickling down will begin any moment now

/a virtual deluge of trickle
 
2012-08-21 10:53:48 AM
This is bad news......for Obama.
 
vpb [TotalFark]
2012-08-21 11:03:33 AM

Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?


Well, the need to incentivized with additional tax cuts. I mean why would they want to get richer if they have to pay taxes?
 
2012-08-21 11:32:02 AM

Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?


I work for a big IT shop.. We currently have 1100 open positions in the United States alone. The majority of these are going to be six figure jobs with the lowest probably at the 75k range. Our challenge is finding good people that are educated. I don't know if all IT shops are having this problem but there is work out there. Kroger yesterday, "Hiring all positions." My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.
 
vpb [TotalFark]
2012-08-21 11:41:14 AM

xynix: Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?

I work for a big IT shop.. We currently have 1100 open positions in the United States alone. The majority of these are going to be six figure jobs with the lowest probably at the 75k range. Our challenge is finding good people that are educated. I don't know if all IT shops are having this problem but there is work out there. Kroger yesterday, "Hiring all positions." My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.


"Everywhere I go I see hiring signs" Is right up there with "I see people on welfare buying huge piles of lobster and steak and champagne" every time I go to the grocery store.

I hear GOPers say the same thing, but the only signs I see are the ones that direct people to apply on the Internet for convenience store jobs. The permanent sort that don't indicate that there is a vacancy.

If you point that out they just get upset and say something like "you don't get it" and don't want to talk about it any more.
 
2012-08-21 11:52:54 AM
UNCERTAINTY!
 
2012-08-21 11:53:00 AM

vpb:
"Everywhere I go I see hiring signs" Is right up there with "I see people on welfare buying huge piles of lobster and steak and champagne" every time I go to the grocery store.

I hear GOPers say the same thing, but the only signs I see are the ones that direct people to apply on the Internet for convenience store jobs.i>

Then maybe you should look elsewhere for work. There are jobs in healthcare, tons of jobs in IT, jobs in sales. Just because it is "beneath you" doesn't mean you should continue leeching off of unemployment until the right fit floats by. People that say "only convenience stores are hiring" need to remember that at least the people in the convenience stores are WORKING.

 
2012-08-21 12:53:38 PM
So what does that mean to "Joe six-pack?" Nothing. Exactly why a top-down economic approach fails.
 
2012-08-21 12:56:56 PM
You guys are all missing the real point. The stock market levels are denoted in Federal Reserve Notes. Fartbongo has devalued Federal Reserve Notes to the point that a candy bar costs like $8.50 now. In "real" terms, I'd say that the S&P 500 is actually about 200, which is lower than ever.
 
2012-08-21 01:04:10 PM
Under Obama, the stock market has nearly doubled.

Hey Wall Street: you're welcome.
 
2012-08-21 01:04:41 PM
actually, saying the economy is the best it has been since just before he took office is no real compliment.
 
2012-08-21 01:10:09 PM

ramblinwreck: So what does that mean to "Joe six-pack?" Nothing. Exactly why a top-down economic approach fails.


llwproductions.files.wordpress.com
 
2012-08-21 01:10:19 PM

Goodfella: Under Obama, the stock market has nearly doubled.

Hey Wall Street: you're welcome.


Missed a few.

Goodfella: Under Obama, the stock marketoil has nearly doubled.

Hey Wall StreetExxon, Hugo Chavez, Iran: you're welcome.


Goodfella: Under Obama, the stock marketprecious metals hasve nearly doubled.

Hey Wall StreetRON PAUL: you're welcome.


Commodities -- how do they work?
 
2012-08-21 01:11:23 PM

xynix: My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.


True that. If you have CAD skills (specifically AutoDesk Revit and AutoCAD), any experience with architecture and/or licensed, we're currently looking for 3-4 folks in the Seattle area. Pay is based on experience, but typical starting wages are about $45k out of college (and on up), full benefits including health, life insurance, gym, annual transit passes, matching 401k, etc.

Seattle is currently sucking in all IT based folks from around the country. A good friend of mine from college was just scooped up by Amazon (from AOL's operation in Times Square) for $135k a year + $35k signing bonus + $15K moving costs + 900 shares of stock (vested over 4 years). He has about 6 years of experience.

If you have any form of experience and education, Seattle's the place to be right now. I've turned down 3 job offers in the past few months.
 
2012-08-21 01:12:12 PM
Carter was our last president who wasn't a corporatist first and anything else second.
 
2012-08-21 01:12:49 PM

scout48: actually, saying the economy is the best it has been since just before he took office is no real compliment.


Gonna have to agree with this. All it means is that Wall Street has been in the tank the entire time Obama has been president.

Not casting blame, just sayin'...
 
2012-08-21 01:18:14 PM
This is because Obama is also an incompetent, empty-suit who is in way over his head.
 
2012-08-21 01:23:29 PM

RumsfeldsReplacement: You guys are all missing the real point. The stock market levels are denoted in Federal Reserve Notes. Fartbongo has devalued Federal Reserve Notes to the point that a candy bar costs like $8.50 now. In "real" terms, I'd say that the S&P 500 is actually about 200, which is lower than ever.


Next up on Marketwatch, some guy thinks the S&P is actually about 200.

/also, his thoughts on pegging the S&P to one type of finished perishable good
 
2012-08-21 01:25:41 PM

xynix: Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?

I work for a big IT shop.. We currently have 1100 open positions in the United States alone. The majority of these are going to be six figure jobs with the lowest probably at the 75k range. Our challenge is finding good people that are educated. I don't know if all IT shops are having this problem but there is work out there. Kroger yesterday, "Hiring all positions." My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.


Maybe it's because you're in Georgia
 
2012-08-21 01:26:15 PM

xynix: Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?

I work for a big IT shop.. We currently have 1100 open positions in the United States alone. The majority of these are going to be six figure jobs with the lowest probably at the 75k range. Our challenge is finding good people that are educated. I don't know if all IT shops are having this problem but there is work out there. Kroger yesterday, "Hiring all positions." My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.


Still miserable for jobs here in Portland. Hell, all of Oregon, really. I've been looking to leave my current gig for over two years now. I do claim responsibility for allowing my knowledge go stale and certs expire, but the IT field dried up around here by 2002. Shifted job focus into higher paying, shorter week jobs (administration, medical support, and others). I'm not in a position where I can work for $10/hr, so there aren't any jobs available for me.
 
2012-08-21 01:28:17 PM
Thank goodness for an obstructionist Congress or this depression would've been sooo much worse.
 
2012-08-21 01:30:39 PM
Remember this shat?

images.sodahead.com
 
2012-08-21 01:32:41 PM
s14.postimage.org

/Shamelessly stolen from a Politics thread
 
2012-08-21 01:33:06 PM
Either

A) corporate profits stay at current record levels vs GDP and US workers continue to get hosed;or

B) profits stagnate and the S&P gets hosed.

Politicians can't stop one or other happening. Apparently Obama prefers A. Who'd have thought?
 
2012-08-21 01:42:46 PM

MrSteve007: xynix: My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.

True that. If you have CAD skills (specifically AutoDesk Revit and AutoCAD), any experience with architecture and/or licensed, we're currently looking for 3-4 folks in the Seattle area. Pay is based on experience, but typical starting wages are about $45k out of college (and on up), full benefits including health, life insurance, gym, annual transit passes, matching 401k, etc.

Seattle is currently sucking in all IT based folks from around the country. A good friend of mine from college was just scooped up by Amazon (from AOL's operation in Times Square) for $135k a year + $35k signing bonus + $15K moving costs + 900 shares of stock (vested over 4 years). He has about 6 years of experience.

If you have any form of experience and education, Seattle's the place to be right now. I've turned down 3 job offers in the past few months.


Someone is still willing to pay for AutoCAD experience? Back east here, without Solidworks experience, you might as well say you're realllllly good with a French curve.

If what you say is indicative of what is actually going on out there, I need to move my arse west. Now, what to do with the family and other obligations?

/Sad cow
 
2012-08-21 01:50:27 PM
DOW is 23,000 without Obama.
 
2012-08-21 01:53:07 PM
Security Skills Shortage, Or Training Failure? 

Basically, stop expecting workers to magically have the brand-new skills you want and start training people.
 
2012-08-21 02:01:18 PM
So we're giving Obama credit for the stock market boom, but no blame for the stagnant economy? Is that how it works in fark?

/or maybe realize that the stock market levels at the beginning of Obama's term were low because the market priced in the probability that the economy would be shiatty for a while because of the mortgage bubble imploding, regardless of what Obama would do.
 
2012-08-21 02:07:08 PM

Kuroshin: Still miserable for jobs here in Portland. Hell, all of Oregon, really. I've been looking to leave my current gig for over two years now. I do claim responsibility for allowing my knowledge go stale and certs expire, but the IT field dried up around here by 2002. Shifted job focus into higher paying, shorter week jobs (administration, medical support, and others). I'm not in a position where I can work for $10/hr, so there aren't any jobs available for me.


Amazon's Seattle operations currently has some 2,800 openings. Check them out for yourself. Plenty of good paying IT jobs there.
 
2012-08-21 02:08:21 PM

Sasquach: Someone is still willing to pay for AutoCAD experience? Back east here, without Solidworks experience, you might as well say you're realllllly good with a French curve.


Actually it is Solidworks he talked about.. I just categorize anything that draws engineering stuff as CAD. I have no knowledge on the subject.
 
2012-08-21 02:14:40 PM

Debeo Summa Credo: So we're giving Obama credit for the stock market boom, but no blame for the stagnant economy? Is that how it works in fark?



images.sodahead.com
s14.postimage.org
 
2012-08-21 02:15:58 PM

logistic: vpb:
"Everywhere I go I see hiring signs" Is right up there with "I see people on welfare buying huge piles of lobster and steak and champagne" every time I go to the grocery store.

I hear GOPers say the same thing, but the only signs I see are the ones that direct people to apply on the Internet for convenience store jobs.i>

Then maybe you should look elsewhere for work. There are jobs in healthcare, tons of jobs in IT, jobs in sales. Just because it is "beneath you" doesn't mean you should continue leeching off of unemployment until the right fit floats by. People that say "only convenience stores are hiring" need to remember that at least the people in the convenience stores are WORKING.


media.web.britannica.com

You guys have gathered enough straw to build a few. Here's a pic for design inspiration.
 
2012-08-21 02:18:19 PM

Sasquach:
Next up on Marketwatch, some guy thinks the S&P is actually about 200.

/also, his thoughts on pegging the S&P to one type of finished perishable good


farking lold
 
2012-08-21 02:19:31 PM
s14.postimage.org
 
2012-08-21 02:24:20 PM

MaudlinMutantMollusk: Dinki: And since a robust wall street translates to more wealth for the 'Job creators', we should see a surge of hiring any day now, right?

I'm sure the trickling down will begin any moment now

/a virtual deluge of trickle


They will surely shower us with their gold. Surely!
 
2012-08-21 02:26:45 PM

xynix: I have no knowledge on the subject.


Don't worry. The IT professionals all sing the same tune, and it's easy to pick up. Here, let me try:

"My company has hundreds of job openings, but we can't find any qualified applicants. The last interview had a college graduate that wasn't already 100% familiar with the job. Training? No, we don't do training."
 
2012-08-21 02:29:52 PM

Sasquach: MrSteve007: xynix: My buddy has an engineering shop and can't find a CAD guy anywhere. I don't know what attributes to the high unemployment as I'm in Georgia and we supposedly have a higher than average rate but everywhere I go I see hiring signs. Maybe it's people trying to suck everything they can out of unemployment benefits I don't know.

True that. If you have CAD skills (specifically AutoDesk Revit and AutoCAD), any experience with architecture and/or licensed, we're currently looking for 3-4 folks in the Seattle area. Pay is based on experience, but typical starting wages are about $45k out of college (and on up), full benefits including health, life insurance, gym, annual transit passes, matching 401k, etc.

Seattle is currently sucking in all IT based folks from around the country. A good friend of mine from college was just scooped up by Amazon (from AOL's operation in Times Square) for $135k a year + $35k signing bonus + $15K moving costs + 900 shares of stock (vested over 4 years). He has about 6 years of experience.

If you have any form of experience and education, Seattle's the place to be right now. I've turned down 3 job offers in the past few months.

Someone is still willing to pay for AutoCAD experience? Back east here, without Solidworks experience, you might as well say you're realllllly good with a French curve.

If what you say is indicative of what is actually going on out there, I need to move my arse west. Now, what to do with the family and other obligations?

/Sad cow


there are plenty of jobs out there and plenty of unemployed, the problem is the skill sets don't match. If you want a middle-manager that doesn't know microsoft office but excels in creating busy work for junior executives and is fluent in buzzwords and planning meetings for the whole office that are meaningless, well, you will have 1,000 well-qualified applicants. You want someone with some tech skills, then you have to raid other companies or go to India.

You mention Georgia, there are jobs for CNC machinists making around $14 an hour which isn't bad for something that only requires an AA or AS in some math-related major. But there aren't that many AA or AS math-related major graduates most end up going to get their BA or BS and find more lucrative jobs.

Short story: you wanna job, learn math.
 
2012-08-21 02:31:15 PM
Follow that cash enema tube up Wall Street's ass, and you'll find it ends at the federal reserve.
 
2012-08-21 02:33:32 PM
Democrats drive the stock market up. Republicans incentivize sell-offs.
 
2012-08-21 02:36:24 PM

Hyjamon: there are plenty of jobs out there and plenty of unemployed, the problem is the skill sets don't match.


See? There's one right now. That's just code for "No, we don't do training."
 
2012-08-21 02:37:40 PM

CitizenjaQ: Security Skills Shortage, Or Training Failure? 

Basically, stop expecting workers to magically have the brand-new skills you want and start training people.


What do you mean I can't find someone with five years of experience working with SQL Server 2012?
 
2012-08-21 02:40:24 PM
Clearly this is due to the impending release of Guild wars 2.
 
2012-08-21 02:54:54 PM

Sergeant Grumbles: Hyjamon: there are plenty of jobs out there and plenty of unemployed, the problem is the skill sets don't match.

See? There's one right now. That's just code for "No, we don't do training."


how much training should a company be expected to do? Working with the example I cited, CNC machinist should have math knowledge in the pre-calculus/trig range. Now, if you give me an applicant who doesn't know their multiplication tables, should I be expected to train/teach them up to the level I need?

Now, if you give me a student who has the math ability but has no familiarity with the software, I could see training them.

I will not argue that companies need to get on board with the idea some training may be required (opposed to none) but they will still have a limit on how much they will provide.
 
2012-08-21 02:56:02 PM

Antimatter: Clearly this is due to the impending release of Guild wars 2.


And the new wow expansion of Kung-Fu Panda
 
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