Headlines that make your head spin
Ξ July 18th, 2008 | → | ∇ My thoughts on... |
I logged onto my favorite “News” website this morning and saw the following headline:
“Citigroup posts $2.5B loss, but beats expectations”
Now I’m not very knowledgeable in the field of high finance, but it boggles my mind that a company can lose 2.5 BILLION dollars and have that fact be considered “better than expected”. Most Americans would consider losing 2.5 THOUSAND dollars a tragedy, yet the major corporations can lose billions and simply shrug it off as if it’s nothing.
Of course I’m just a country boy from the hills and hollers of southwestern Virginia, but things like this really don’t leave me with all that much confidence in the stock market.
on July 18th, 2008 at 11:26 am
Definitely head spinning!!!!!!!