Wall Street surges after economy adds just 175,000 jobs in April, fueling hopes of rate cuts

6 comments

1. This will be the first recession that sees the stock market grow. Wall Street is drooling at the prospects of wide scale unemployment. Heck, we have big corporations laying off entire profitable divisions just to show how hard core they’re willing to be for Wall Street.

2. Ah yes, lay the people off for a short term gain to the stockholders.

   Aren’t we the ones who will actually spend what we earn to buy the stuff these companies make? Who’s gonna buy when we’re all hard pressed to live?

3. No mention whatsoever of quality of jobs added either. Useless reporting as usual by CNN.

   I have to put more effort into this post to think of words to meet the stupid filter.

4. Remember with a lackluster jobs report was bad news on wall street?

5. One of the grosser aspects of the American economy is that my retirement account benefits/demands that not enough [good] jobs are made in this country so my 401k valuation goes up.

   Makes me feel dirty, honestly.

6. So many people are desperate for things to be bad and I’m not sure why. Jobs are posting gains and closer in line to what the Fed wants. Doomers keep dooming.