The Jack in the Box 2 miles from my house is now hiring, and now my CFA/MBA friend who lost his job in April will now be able to pick up a steady paycheck. The condos prices in Florida where I live have fallen over 40% so now almost anyone can afford them. People seem to be moving around a lot lately and leaving their houses still unsold, so apparently everyone has plenty of cash.(I know I would have to sell my house before I could afford to vacate it) The unemployment # is still solidly in single digits? Cramer says to buy banks.
Why does your friend have to go and earn a paycheck? Why can't he just suck up a limitless supply of unemployment checks? The Jack in the Box won't come close to his unemployment. Is he work hungry or something? And why would anyone waste their time trying to buy a house that is on sale? Everyone knows that investment companies are getting them because they pay for them entirely in cash. Plus, they will drop in value some more. As far as the market dropping, I don't understand why it dropped for one day either. They said the recession was over.
Really? I always wanted to work in jack in the box! Can you give me the phone number. I majored in fast food in junior high school. I am thinking when FAZ Gets close to 6, I may start adding as that might be when America wakes up a bit more. I hear we may actually hold single digit unemployment for at least 2 more weeks. No reason to panic.