So far this morning, DOW down around 300 points and WTI down around $1.57 to $45.52/barrel. Face it, the headcount reduction numbers will be steadily increasing the longer this virus c-ap goes on.
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Down again, up again. Check your balances less often. You will stress over it less. The stock market always goes up over time.
Or BP could go bankrupt trying.
The stock market needed a correction, one all time high after another all time high can't persist forever. The corona virus presents threats, agreed, but it was also a good opportunity for cautious fund managers to take profits and put cash on the sidelines. Once noticeable selling volumes began, the machine trading platforms reacted and the exits were crowded with sell orders. This week will likely see more of the same. Now, however, even more fund managers are concerned and don't want to take a bigger haircut then they already have. More volatility to come and more losses ahead. Be cautious if Monday morning hits hard, the machines are primed will dump loads of stocks across the indexes. If the virus continues to spread widely and notably impacts American lives and the global economy with any material effect, Katie bar the door the market will plunge to a degree that will make last week appear frivolous. If you have money you can invest; hold fast, March could be a fire storm in the global financial markets. The market may be in a very rough ride for a while.
Maybe Chevron should announce they are going to be carbon-neutral by 2051. That’s a long time off. We can see if BP keeps their word about pulling off that stunt one year earlier. If they can’t or they change their stance, so will we.
Execs will really do whatever it takes now to get all their stock options back above water
@vgb, Seriously, Give some young cub an opportunity? Is that going to be your pitch line in your next job interview after you step aside at Chevron? You better start thinking of number one if you want to survive in corporate America. This is a cut throat world.
@pou, That would be extremely fortunate timing-wise for me and I would welcome that wonderful news. I hope that does not upset you. It's apparent that you are easily annoyed.
Since you don't mind being let go, your wish may come true this summer when you are laid off from your secure job at Chevron.
@wrv, I also happen to be secure in my position and would not mind being let go and sent in search of another. Give some young cub an opportunity, like I had. I too chose a university discipline which is applicable to many fields worldwide. I understand how that poster feels about the irrational comments. And no where in that post did I see the bizarre made-up references that you are making (pay, finances, etc.????). Perhaps it is only YOU and a very few others who are so terribly insecure and afraid of what the future holds.
New England clam chowder is delicious. I’m sure many clams didn’t wake up in the morning thinking they’d end up on the restaurant menu that evening.
Clams are not known for their intelligence.
Another post from someone who is fantastically secure in their job, their industry, their pay, their finances, their professional life, their personal life, and so on. Just ignore this person. Posts like these are common and are BS. Some of you reading this will lose your jobs. And I suppose all of you can see the future and should have planned better when you were in college.
@hms, Speak for yourself. My position is (unfortunately) secure and I have been wanting an excuse anyway. I am not directly reliant on any one industry for a position anywhere. You should have thought of that in college. I can blah blah blah all the way home happy as a clam. Maybe bored to tears, but still happy as a clam.
We are fuct. Perfect storm.
Massive cuts coming in the near future ups.
Blah, blah until you lose your job. Not so funny, is it?
Things go up. Things go down. Blah blah blah.