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(CNN)   Another day, another record? It's like the economy is bouncing back   (money.cnn.com) divider line 21
    More: Cool, Shanghai Composite, Hang Seng, European Economic Area  
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511 clicks; posted to Business » on 08 May 2013 at 8:29 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-08 07:55:16 AM
Rich people and people living on mutual funds are really enjoying themselves, I bet.
 
2013-05-08 07:59:19 AM
Shares of Electronic Arts (EA) also rose after hours on the gaming company's strong guidance.

Wasn't EA recently voted worst company to work for?
 
2013-05-08 08:04:41 AM

PreMortem: Wasn't EA recently voted worst company to work for?


Worst company period. Almost as if investors don't care what you're doing as long as the money is coming in.
 
2013-05-08 08:08:15 AM
That 38th vote in the House to overturn Obamacare gave the Small Businessheroes the confidence they needed to save America!
 
vpb [TotalFark]
2013-05-08 08:25:32 AM
So, the wealth is finally starting to trickle down from Regan's tax cuts?
 
vpb [TotalFark]
2013-05-08 08:26:53 AM

itsdan: PreMortem: Wasn't EA recently voted worst company to work for?

Worst company period. Almost as if investors don't care what you're doing as long as the money is coming in.


I thought that was all companies.
 
2013-05-08 08:39:47 AM
Or the value of the dollar is shiatting the bed.
 
2013-05-08 08:44:09 AM

adm_crunch: Or the value of the dollar is shiatting the bed.


Gold must be skyrocketing right now.
 
2013-05-08 09:00:10 AM

Lando Lincoln: Rich people and people living on mutual funds are really enjoying themselves, I bet.


My 401K, thus myself, is enjoying it.

Not worrying about the downturn, not panicking, and increasing bottom rate purchases at lower bound really worked out well.  Was a much better investment than gold on it's way up (and now crash).

/yeah, still sucked for those looking to retire in 2007.
//But they should have had their portfolios structured very conservatively anyways.
 
2013-05-08 09:03:08 AM
TyrantII:
//But they should have had their portfolios structured very conservatively anyways.

t.qkme.me
 
2013-05-08 09:08:36 AM
It's not hard to make a ton of money when you realize that when jobs are scarce you can fire a bunch of people and make the employees you have left work three times as hard because they are afraid of losing their jobs.
Oh, and you don't need to give them more money either.

The stock market has completely recovered and is at record highs, profits are way up, high dollar real estate has reverted back to bubble status, and top level pay and incentives are in the stratusphere.
The people who run things telling us that it's a "tough economy" is the only reason the economy is tough (for some).

Where I work our stock is at it's highest value ever, profits are up, we met all our goals, and need to hire more people because the work is flooding in. But because we didn't meet our made-up ridiculous profit goals made during the biggest recession of most of our lives BY ENOUGH (yes, we were in range, but not high enough in the range to someone's likings) we'll probably have to have all the experienced people retire early and then maybe even go through layoffs. Yes, it's a good time to be on top.
 
2013-05-08 09:34:58 AM

itsdan: PreMortem: Wasn't EA recently voted worst company to work for?

Worst company period. Almost as if investors don't care what you're doing as long as the money is coming in.


I am a DEEElighted shareholder.  I'll only need to own $3,000,000.00 in stock (as of market close, yesterday) to replace my salary when they cut my job and send it to India.  I'll have that many shares in 110 years!!!  BOOTSTRAPPY!!!
 
2013-05-08 11:03:38 AM

Land Ark: It's not hard to make a ton of money when you realize that when jobs are scarce you can fire a bunch of people and make the employees you have left work three times as hard because they are afraid of losing their jobs.
Oh, and you don't need to give them more money either.

The stock market has completely recovered and is at record highs, profits are way up, high dollar real estate has reverted back to bubble status, and top level pay and incentives are in the stratusphere.
The people who run things telling us that it's a "tough economy" is the only reason the economy is tough (for some).

Where I work our stock is at it's highest value ever, profits are up, we met all our goals, and need to hire more people because the work is flooding in. But because we didn't meet our made-up ridiculous profit goals made during the biggest recession of most of our lives BY ENOUGH (yes, we were in range, but not high enough in the range to someone's likings) we'll probably have to have all the experienced people retire early and then maybe even go through layoffs. Yes, it's a good time to be on top.


Blame Chicago Business School and Harvard Business School.  Their alumni pretty much run the fortune 500 in this country, and they love austerity for everyone else and expect to be paid 1200:1.

It's not surprising you can make a lot more profit by hollowing out the middle of our system.  But it's to the detriment of both sustainability and long term profitability.  It's not exactly news that Capitalism and greed will eat itself if not correctly counter weighted by government (ie the interests of the people).

It was and never should be seen as an end, but as the means.  After all, Feudalism was pretty profitable too.
 
2013-05-08 11:08:27 AM
So the sequester and austerity is working?

THANK YOU OBAMA!!!
 
2013-05-08 12:02:05 PM
Fark liberals who think they know anything about the economy are funny.

This is a stock rise created by investment companies to encourage people to invest in the stock market. They manipulate the indices by making or holding off on trades. Once people have bought in, they will resume normal activity and make a huge profit off gullible investors who think "the market is recovering".

The market is like the weather. It just "is" it exists. It is not recovering or worsening. Rain and sun are both normal and beneficial events.
 
2013-05-08 12:08:46 PM

Bullseyed: Fark liberals who think they know anything about the economy are funny.

This is a stock rise created by investment companies to encourage people to invest in the stock market.


Let me guess, you loved this pic:

farm5.staticflickr.com
 
2013-05-08 12:41:46 PM

Bullseyed: Fark liberals who think they know anything about the economy are funny.

This is a stock rise created by investment companies to encourage people to invest in the stock market. They manipulate the indices by making or holding off on trades. Once people have bought in, they will resume normal activity and make a huge profit off gullible investors who think "the market is recovering".

The market is like the weather. It just "is" it exists. It is not recovering or worsening. Rain and sun are both normal and beneficial events.


"investment companies"

http://cdn.memegenerator.net/instances/400x/28557079.jpg ">

Almost all stock is traded by large institutional investor funds.  It's also hedged.  80% isn't even done by people, but by computers.

Your misconception that a few small players are going to effect the long term outcome of the market is amusing.  There's more relevant problems in the system to worry about, such as asymmetrical information and automation that leads to large swings.
 
2013-05-08 01:18:46 PM
Wall Street is not the economy!
 
2013-05-08 01:37:52 PM

ajgeek: Wall Street is not the economy!


ajgeek: Wall Street is not the economy!


ajgeek: Wall Street is not the economy!

 
2013-05-08 05:13:28 PM
 
2013-05-08 05:24:28 PM

jigger: http://www.businessinsider.com/paul-singer-sohn-investment-conference - 2013-5


hedge fund manager
 
It's a good gig if you can talk a bunch of rich idiots into investing with you, but as a wealth creator hedge funds are pretty terrible financial products.  They make the people running them dirty rich though.
 
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