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The Stock Market As A Signal Your Job Is In Trouble

September 15th, 2008 · 1 Comment

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On the road, unfortunately, so this will be my first attempt to put a post up entirely from my iPhone.

We’ll see if the picture actually formats correctly…

Anyway, today’s Wall Street events reminded me to remind you of some sound advice I gave a long time ago:

The stock market can give you early warning that your job is in trouble. I’m not just saying check your company stock… clearly, if your company, like Lehman, goes totally belly up, yeah, your job is toast.

I’m saying, keeping an eye on the market in general. If you paid attention at all this summer, you knew that the banking industry was in trouble. Bank stocks have been down as much as 90% this year. And last week’s 80-something percent drop in Lehman should have alerted all Lehman workers than things were dicey.

If you’re at a publicly traded company, the market can tell you things have turned sour even quicker than pink slips can be produced and cost cutting can begin. Hope I’m wrong, but look out WaMu and AIG folks!

Related posts:

  1. Quick Job Search Tip- Use A Stock Screener To Find Out Who’s Hiring
  2. How To Find A Job In A Tight Job Market
  3. How The Housing Crisis Affects The Job Market
  4. A Bad Job Market Means Position Yourself For The Future
  5. In Career Planning, Follow Your Heart, Not The Ebb And Flow Of The Economy Or Job Market
  6. A Bad Job Market Means Position Yourself For The Future (Repost)

Tags: Layoff Rumors

  • ScottG

    I could have told you that two years ago! With the real estate issues I am waiting for the other shoe to drop – credit! We are in for a VERY bumpy ride!

    Let’s hope that some of the major countries don’t view the US dollar as an albatross around their neck and unpeg from the US currency! Then we WILL be without a paddle!