New Mass Layoffs a Grim Sign for U.S. Workers / Economy

Over past few weeks, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts and today RIM announces 11 percent layoff (2000 employees) also on the Canadian front Bombardier has cut work forces in their train transportation factories.

Second half of 2011 may not be as rosy as economist think it would be. Going into mid 2012, I think world economy is going towards another recession.

I maintain my shorts on both S&P 500, Nasdaq and TSX with Horizon ETFs. Tickers HSD.TO, HQD.TO and HXD.TO respectively.

by Das Brain

Please read my Disclaimer.

This entry was posted on Monday, July 25th, 2011 at 1:24 pm and is filed under ETF, Economy, Job Related, Politics, Videos. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.