• kent_eh@lemmy.ca
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    6 months ago

    Investors love job losses

    Once again confirming how sociopathic the stock market can be.

    • Ragnarok314159@sopuli.xyz
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      6 months ago

      It’s because of the massive short term gains.

      I made several thousand dollars in the stock market by buying stocks that announce layoffs. They almost always jump after the announcement unless it has to do with other circumstances like bankruptcy.