HP to cut that workforce like they mean it! 7.5% cuts over the next 3 years.
Well, when life gives you lemons, you hire ex-HP employees and open up lemonade stands. Franchise!
Market modestly up as I type. I think we'll all in some shock about it all. Basically a retest of the July lows, with new lows though. Yeowch.
And nothing but doom and gloom chatter on the news and blogs now. Both presidential candidates swearing that they'll fix it. Uh-huh.
Porn coming in second after social networking sites. "...surfing for porn had dropped to about 10 percent of searches from 20 percent a decade ago, and the hottest Internet searches now are for social networking sites."
I missed the Investor's Intelligence numbers last time, but Headlinecharts has 'em. Longer term investors have to like this bearish newsletter sentiment. This has been a really long period of bearish outlook by newsletter writers, nicely setting up for the next market bottom. From a contrarian point of view, this data is highly favorable for stocks. Of course, this was from friday...
