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Wall Street prices do not reflect Main Street.
Stock trading these days is speculation. Just look at P/E values.
CAT revenue fell 37% in 2009. Profit decreased 75% from 2008.
They have a good outlook based on foreign sales..China and other developing countries that are recovering.
Don't look at speculative stock prices as an indication of the health of a company. Also Obama does not control Wall Street. Wall Street controls Obama.
OK let me get this straight. If a basic blue chipper like Cat is so speculative and not a good indicator of actual market forces or the health of the company,...
... why is it such a good idea to put Social Security funds into the stock market as the Republicans constantly suggest and want to do so badly? What a DOG of an idea.
When Wall Street Corspe profits go up, let their Republican loving owners keep the money. When the profits go down let them loser lowlife Dem taxpayers pay for the losses. But, either way, keep them executive types salaries as high and inflated as their heads.
Cuba is your aspiration of a well run economy?!?! Whats the standard of living in those Scandinavian countries? (Retorical question) This is absurd. People attempt a 100 mile ocean voyage on sticks to get out of Cuba. What your spouting is no longer idealism, it is just incorrect at this point.
Damn Skippy it's rhetorical, because you know you would be there in a heartbeat, if they would have you... and let you live there without paying any of their taxes. But this is about Cuba. Cuban refugees are victims of American propaganda broadcast on shortwave radio and spread like gossip by Christian missionaries. They literally believe that the streets are paved with gold over here. What a shock when they discover that they risked everything on an open water rafting expedition to wind up doing scut work in Miami for the rest of their lives. They could have done much the same in Havana with no risk of sharkbite. Don't you dare try to tell me that life is better in America for people that look like Cubans than life in Cuba! Big deal we have personal freedom in America, the right to bear arms... you do, probably, I don't. America is the land of the free only good for some, not even most.
When Wall Street Corspe profits go up, let their Republican loving owners keep the money. When the profits go down let them loser lowlife Dem taxpayers pay for the losses. But, either way, keep them executive types salaries as high and inflated as their heads.
....Oh, I forgot,... they already did that.
Didn't you mean Democrat loving owners?
"The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway"
Obama's Big Sellout : Rolling Stone (http://www.rollingstone.com/politics/story/31234647/obamas_big_sellout - broken link)
Spin, spin, spin and spin some more. All this "funny money" accounting.
Quote:
Originally Posted by blackandproud
thats cooking the books. Public companies can not apply a charge off against a quater that it did not occur, thats cooking the books. Example, if a company lost 1 million dollars for the month of December, they can not hold onto that reporting until April of the following year. That is illegal and cooking the books. You can forecast how much you projected loss would be, but it can not be applied towards your actuals until it has occured.
Quote:
Originally Posted by Katiana
I owe you a rep (when I can).
Quote:
Originally Posted by blackandproud
No, they'll be in jail for cooking the books and conservators will be appointed to run the company.
Once again, those who think they know what they're talking about haven't a clue. Update.
In a memorandum summarizing its investigation, the Democratic staff of the committee said, “The companies acted properly and in accordance with accounting standards in submitting filings to the S.E.C. in March and April.”
Moreover, it said, “these one-time charges were required by applicable accounting rules.”
In a general analysis of the new law, Verizon said, “To avoid additional costs and regulations, employers may consider exiting the employer health market and send employees” to state-run insurance exchanges, where people can buy insurance.
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I owe you a rep (when I can).
