Job market to significantly weaken - expect no recovery for next 5 yrs

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investpro
Member since: Nov 06

Posts: 1628
Location: carl sagan's universe
Post ID: #PID

Posted on: 25-03-09 23:22:56

Hi Jinxed,

I am not a master of either fundamentals or technicals.

At this moment of time, since I think most think-tank economists don't really know what is happening since they have never encountered such a numbing situation, anything I say would be pure balderdash.
The other day, Mark Mobius, under whom I worked once and who is considered to be one of the top ten investors of the last century commented that the bulls are here to stay.
However I am not betting against the market finding another low before going up again- such a dull and insipid statement, like most commentaries out there today. I haven't heard anything insightful. Perhaps you could break the monotony.

However, for some reason I do not think the Dow will hit 4500 in the next downward swing, as according to the experts that would mean that certain cos would be trading below book value much too soon, but then again that didn't stop Japan's Nikkei doing just that, hitting lows where companies were trading below book value but it took them 20 years to do that.

Just wait and watch. In the meantime as stated previously, I am doing forex trading, which is panning out quite well.I had ditched it in between, but looks like the wind's in my favor right now.
Make hay while the sun shines(well it was a bit cloudy today and drizzling but hey the forex trades drizzled a little money my way).

Enjoy!

web2000
Member since: May 06

Posts: 849
Location:
Post ID: #PID

Posted on: 24-04-09 10:32:32

Quote:
Originally posted by web2000

(Wait, we will have human clones also)

This is what I guessed. It will become possible to create clone of the dead people if their blood was frozen after their death.

See the link below:

http://ca.news.yahoo.com/s/afp/090422/health/health_science_ethics_us_britain_cyprus_1

dan
Member since: Jan 05

Posts: 449
Location:
Post ID: #PID

Posted on: 24-04-09 10:48:03

Quote:
Originally posted by jinxed

Investpro apparently you need a class in economics 101 - see if you can find some material in your local library.

Dow jones will fall through 4500 - BDI is frozen,housing , umemployment, credit all are frozen - the full wrath of CDO unwinding is yet to happen, which will take down C or BAC or maybe both. GM is days away from bankruptcy and with it will go all the parts suppliers.

Nouriel Roubini and Paul Krugman are celebrated economists and not mere prophets of doom (I am an avid follower of both) - in fact Roubini called the current crash back in 2006

A smart investor goes with the trend - I have made very nice money buying puts and bear spreads. Also currencies and commodities are an excellent play. Your misguided optimism -( read wishful thinking) will only lead the readers on this forum to l0se what little they might have left

----------------------

Apparently you need several 101 courses to be honest...attitude 101 is the second course though.

ulludapatha
Member since: Apr 07

Posts: 33
Location:
Post ID: #PID

Posted on: 26-04-09 11:53:39

A recruiter , in his blog mentioned that he got 3000 resume for two .NET job postings... Well, market is bad for jobs... It seems worse for IT jobs...
http://hitech-jobs-world.blogspot.com/

dudewheresmycar
Member since: Jan 07

Posts: 980
Location:
Post ID: #PID

Posted on: 26-04-09 16:50:41

The quality of resumes makes a difference.

There is high value for canadian experience with total 4-5 yrs exp so a lot of the resumes will get rejected.

My wife just got a 3 months contract for QA.. so i can say IT is still not bad..

Quote:
Originally posted by ulludapatha

A recruiter , in his blog mentioned that he got 3000 resume for two .NET job postings... Well, market is bad for jobs... It seems worse for IT jobs...
http://hitech-jobs-world.blogspot.com/

dan
Member since: Jan 05

Posts: 449
Location:
Post ID: #PID

Posted on: 27-04-09 09:56:24

Quote:
Originally posted by dudewheresmycar

The quality of resumes makes a difference.

There is high value for canadian experience with total 4-5 yrs exp so a lot of the resumes will get rejected.

My wife just got a 3 months contract for QA.. so i can say IT is still not bad..

Quote:
Originally posted by ulludapatha

A recruiter , in his blog mentioned that he got 3000 resume for two .NET job postings... Well, market is bad for jobs... It seems worse for IT jobs...
http://hitech-jobs-world.blogspot.com/

------

In the area of IT, I guess Cdn exp is not important so 4-5 years exp in IT from anywhere should be ok. Or not ?

sville
Member since: Dec 08

Posts: 242
Location:
Post ID: #PID

Posted on: 27-04-09 19:16:05

Quote:
Originally posted by dan
In the area of IT, I guess Cdn exp is not important so 4-5 years exp in IT from anywhere should be ok. Or not ?

As such, in any area the country/culture/source of that experience does not matter a lot. Education and skills are always transportable.
But it matters when : "# of Resumes" > "Job Positions Available"

Contributors: jinxed(4) investpro(4) sville(3) dan(3) web2000(2) Krazzyfour(2) rajivjuthani(1) dudewheresmycar(1) akscanada(1) newton(1) Fido(1) Heart Stealer(1) freakoutguy(1) bjork(1) ILOVENA(1) tukillena(1) ulludapatha(1)

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