/biz/ gets BTFO again

>>1078913
45% of /biz/ are college and high school students entirely dependant financially on Mom & Dad

40% of /biz/ are penniless NEETs, Russians, Aussies, or other Third-Worlders who like to role-play Wolf of Wall Street.

4.9% of /biz/ are work-class normies with a few thousand dollars in a 401k or IRA and 30 years before anything matters financially

0.1% of /biz/ have professional jobs with meaningful salaries and significant investments, relatively speaking.

6 people on /biz/ are perma-bear faggots who cheer when the markets fall, primarily because they missed the last bull run and have crippling investment anxiety.

So, 6 people got BTFO. Huzzah.

>Protip: don't be a market cheerleader, either way.

>>1079296
>s&p 500 actually free fell today

Not sure what you're talking about.

>>1078913
Yet we still have less jobs now than in the year 2000. Plus an additional 25 million or so added to the population.

Not a perma-bear ... just a bear.

>>1079296
>Protip: don't be a market cheerleader, either way
This

Just try to understand where the market is going and react accordingly.

>>1078913
Wages are stagnant, 2/3 of those 150k jobs are Retail or 'Leisure,' employers are actively finding ways to avoid paying healthcare costs.

>>1079296
>6 people on /biz/ are perma-bear faggots

Dude no. 90% of /biz/ is permabear faggots. Ive been here since day one and anytime the s&p sneezes 3% even with historic highs and years of gains behind it its fucking the great depression

When it happens on a friday you get 3 days of the shit. The entire front page of "it habbenin!" With like 2 people talking sense

/biz/ is permabear if bearish sentiment was a message board

Everyone knows those jobs are part time "service-oriented" jobs. Full time employment has gone down since 2008. Obama economic miracle is an illusion. He still fucekd the economy like Bush Jr did in his eight years in office. This is why the current presidential candidates all talk about increasing taxes. The next president is goign to rape the American public in taxes because the babby boomers need retirement moeny and didn't want to pay for it when they were doing coke and crack in their youth. So their kids and grandkids are going to pay for it.

>>1078913
Kek...

Ever since Obamacare, the employment numbers have been high. Hmm... I wonder why?

Let's see, we live in a service based economy. As an employer of a low wage sector, I would try to fire as many full time employees as possible and hire 2 part time employees in place.

The only reason that the jobs numbers are up is because low income jobs are being split. People in retail don't get 40 hour work weeks anymore, the markets is too competitive, and it costs the employer too much. Instead they get 2 jobs and Obama boasts how he's created so many jobs lel.

>>1079670
It is better to have two people working 20 hr than one working 40

>>1079693
Not really. They're spending more money than they earn because of their low wages. Cost of living, food, rent, etc eats up their entire paycheck. This is why consumer data shows people have been spending less since the market crash of 08.

>>1079693
I don't agree with that at all.

For the employees: They don't qualify for benefits. They will need at least one other job to support themselves.

For the employers: Dividing tasks among multiple people leaves greater chance for errors, and inefficiencies arising from different methodologies and mindsets. Employees will come in either tired from or anticipating their other jobs (regarding above). Employees are less dedicated to the company and less willing to put in extra effort to exceed. Managers now have to deal with more people and more schedule conflicts.

Nobody wins except the shareholders.