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This bad news after bad news is really getting depressing. I would go as far as to say that the American public is suffering from mild depression from all these big companies going down or cutting jobs.
On the bright side misery enjoys company since it is global and we are better off than most countries I guess since people still leave their countries to come here for economic opportunity. If this keeps up we may find ourselves immigrating to other countries for economic opportunities though. Some EU countries while slowing down are still growing at a decent clip. All I want to do is work at the Ducati factory, have good food and wine everyday and chase the Italian cuties around LOL!!!

Under200
 
Sorry to hear.

My company just had a pretty substantial layoff as well.
 
I don't know. CAT still made $661M last quarter. It was less than everyone wanted, but still a tidy profit.

Maybe our expectations are too high for the times?
I agree
Market Cap: 21.51B
P/E (ttm): 5.87
EPS (ttm): 6.073
Div & Yield: 1.68 (4.70%)

Their numbers are really good. But like you said people want miracles, I hate how greedy shareholders really run the company.

Under200
 
Sorry to hear.

My company just had a pretty substantial layoff as well.
I'm hearing 20%!!!!!!! One in five workers is insane!!!
 
I was chatting with someone the other day. He told me a story of how he was going through his late great Aunt's belongings. He found a letter from her bank asking for a mortgage payment. The letter was handwritten from the president. I'm paraphrasing here, but it was along the lines of "Your mortgage payments are 4 months behind. We know times are tough during the depression, but if you can make any type of payment toward your mortgage we would appreciate it."

What ever happened to the good ole days? Everyone is in it for themselves now.
 
The title of that article states:

"Stocks rise in early trading
Wall Street gains in early going as Pfizer-Wyeth merger overshadows barrage of job cuts at Caterpillar, Spring Nextel and Home Deport."

Wtf is home deport? Is that where they send the illegals?
 
The title of that article states:

"Stocks rise in early trading
Wall Street gains in early going as Pfizer-Wyeth merger overshadows barrage of job cuts at Caterpillar, Spring Nextel and Home Deport."

Wtf is home deport? Is that where they send the illegals?
or Spring Nextel, for that matter. Ody is working for cnn??? :jester

No comment as far as economy goes, I'm too far behind regarding info to ever understand what's really going on..
 
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