First Wall St. and then Main St.
10 November 2008
The stock market tends to be a leading indicator for what happens out there in the real world a few months down the road. The financial crisis hit a few months ago and people went along on their merry way, curious and concerned about what was happening but maintaining the status quo in their lives. Now, things on Main St. are starting to happen.
Just today, here are the business headlines:
- Circuit City goes bankrupt
- DHL cuts 9500 jobs
- Nortel Networks cuts 1300 more jobs
- Analyst cuts his price target on GM stock to zero
Corrective corporate actions are being taken. How is your IR department conveying the message?
Allan
11 November 2008
4:27 am
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Just wait until the big hedge funds start having to deal with redemptions. There could be a lot more pain to come.