<p>"What can we afford to do about the financial industry?</p>
<p>Jamie Dimon of JPMorgan Chase would have us believe that regulators’ attempts to clip the wings of financial companies are about as misguided as trying to curb spam by shutting down the Internet. To most Americans, a financial crisis that lopped $19.2 trillion off household wealth and produced the deepest recession since the 1930s may be reason enough to limit what financial institutions can do. Andrew G. Haldane, executive director for financial stability at the Bank of England, estimates that the crisis wiped out one to 3.5 years’ worth of the world’s economic output, in present value."</p>
<p>HP beats estimates, up 12% AH, warns for next quarter, cuts 27K employees. Enterprise is slowing and they think that IT is slowing. It appears that HP has a big mismatch between what their consulting people know and what the market is looking for. Apparently Infosys and IBM are doing a much better job in this area.</p>
<p>Let’s see down almost 200 then rallies to even with no discernible news…hmmm…retail is never coming back…the money on the sidelines, which every puppet guru is waiting for to push the market foward,is not comng back…</p>
<p>Our problems are not insignificant - they’ve just been moved off the radar screen because there are bigger problems. When is the next employment report?</p>
<p>The market would be higher because the s&p earnings are at record levels. There are and always will be problems. Europe and the fear of contagion from europe and a slowing world economy are why the market is lower.</p>
<p>The game has become rigged, and people are coming to that fact…beat the number by a penny, stock goes up…lay people off, stock goes up…as i mentioned in a thread awhile ago, the beat the number game is fixed…Most companies have areas where they can get the pennies to beat or match,regardless…those that miss really are in trouble. ;)</p>