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People were saying this was the start of the downturn when layoffs happened last year then the spy moved up 100 pts since.
by kjkjadksj 3y ago
People were saying this was the start of the downturn when layoffs happened last year then the spy moved up 100 pts since.
- prewett 3y agoDespite what EMT fundamentalists will tell you, the stock market is only loosely correlated with fundamentals and 100 pts is nothing. Besides, there's no reason a company's profit _must_ decline during a downturn: for example, if they perfectly predict the downturn and reduce expenses (like laying people off) just before it hits.