Originally Posted by
Ralphie
+1
and Johnso29, I am told, not firsthand info here, that it was pretty much stated by SD that the cost of the flow prevented furloughs.
It did. It took the ROI to a min of 22 months from 12.
305 is the floor we need to hire if Europe craters and oil goes to 120. It does not mean that things cannot change.
They are careful and watching for signs of a double dip. They are not seeing it yet. It appears that those working are working and traveling and those that are not are not. It is why capacity constraint and modest growth until the economy shows true direction is key. All of this stuff with the economy as become emotional and trades et al are being made on emotion. That is never good. I have been waiting for a correct of the S and P to below 1000 and it has clearly broke it though its 1080 support level.
Watch the VIX.