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Originally Posted by North Beach Person
Don't want to get into a war with you but change Repubs to Dems and Obama to Bush and there may be an element of payback involved.
Having said that, the reasons for the stock market uptick would be interesting to know-increased sales leading to profits or decreasing costs (employees) leading to profits. When I worked for a DJIA company any time the upper level management wanted to boost stock prices they'd announce company-wide layoffs.
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As a rule that generally did happen, but keep in mind the higher layoff totals were late last year and early this year when the stock market was really taking a beating. Layoffs obviously still continued, but not nearly at the pace it was and the market did recover. Jobs have also always been the lagging indicator for both recessions and recovery.
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