UPDATE1: GM to cut production in North America and idle 5,500 hourly employees 2:03pm EST
Circuit City :: Nortel:: DHL Who is next? General Motors?
The big business names have been hit hard. Nortel to cut 1,300 more jobs, Fannie Mae, Freddie Mac, Mervyn's and Circuit City files bankrupty, DHL to cut 9,500 jobs in U.S. Uh oh. What next?
On a Saturday, a Wall Street manipulator/man took a beautiful young woman to an very expensive store in downtown NY. In the store, the man decided to buy a $60000 LV handbag for the young woman. During the check out, the man wanted to use a personal check to pay for the handbag. The following was the conversation between the man and the cashier:
Cashier: I am sorry, sir, we do not take personal check.
Man: No problem. Today is Saturday, and all the banks are closed. How about you keep both the check and handbag for right now. When the bank open on Monday, you can cash the check. Then, I want you to deliver this handbag to this lady.
Cashier: (big smile) sure, once the check is cashed on Monday, I will deliver this handbag to the lady without any shipping cost.
On Monday, the bank rejected the check, because there is no money in the account. The cashier called the man. The following was their conversation:
Cashier: Good morning, sir, your check is rejected by the bank, and we are sorry that we can not deliver your purchase.
Man: That is OK! I do not need the handbag anymore, because I have already had sex with that young woman yesterday. Thanks for your help!!!!
(In this story, the cashier is analogous to those rating agents, analysts and media. The young woman is analogous to you and other small short-term investors/gamblers/speculators who are hardworking but poorly educated, who do not have own mind, who buys stocks on good news today and sell on bad news tomorrow)
The key message of this story:
If those small investors/gamblers/speculators do not deserve to be fucked up, who else do ??!!!
Circuit City :: Nortel:: DHL Who is next? General Motors?
The big business names have been hit hard. Nortel to cut 1,300 more jobs, Fannie Mae, Freddie Mac, Mervyn's and Circuit City files bankrupty, DHL to cut 9,500 jobs in U.S. Uh oh. What next?
On a Saturday, a Wall Street manipulator/man took a beautiful young woman to an very expensive store in downtown NY. In the store, the man decided to buy a $60000 LV handbag for the young woman. During the check out, the man wanted to use a personal check to pay for the handbag. The following was the conversation between the man and the cashier:
Cashier: I am sorry, sir, we do not take personal check.
Man: No problem. Today is Saturday, and all the banks are closed. How about you keep both the check and handbag for right now. When the bank open on Monday, you can cash the check. Then, I want you to deliver this handbag to this lady.
Cashier: (big smile) sure, once the check is cashed on Monday, I will deliver this handbag to the lady without any shipping cost.
On Monday, the bank rejected the check, because there is no money in the account. The cashier called the man. The following was their conversation:
Cashier: Good morning, sir, your check is rejected by the bank, and we are sorry that we can not deliver your purchase.
Man: That is OK! I do not need the handbag anymore, because I have already had sex with that young woman yesterday. Thanks for your help!!!!
(In this story, the cashier is analogous to those rating agents, analysts and media. The young woman is analogous to you and other small short-term investors/gamblers/speculators who are hardworking but poorly educated, who do not have own mind, who buys stocks on good news today and sell on bad news tomorrow)
The key message of this story:
If those small investors/gamblers/speculators do not deserve to be fucked up, who else do ??!!!
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