There is something SO WRONG about our market system when you read things like this:
General Motors was among the Dow Jones industrial average’s biggest percentage gainers, jumping 1.6 percent after its CEO told shareholders it will cut thousands of U.S. jobs and close more plants over the next few years.
25,000 people are loosing their jobs and people are rewarding this by snatching up stock. Think about this a second. That is a quarter of my hometown. A third of my college town. 10x Mae’s hometown. That is an overflow crowd at The United Center.
People are profiting from this. I feel Ill.