Yes, this market downturn has got everyone down, except for maybe the brave speculators with available cash to dive right in, hoping to buy some stocks for deeply discounted prices, or so we think... Well, nobody really knows, not even the experts know for sure where the bottom is or when the markets are going to turn around.
One thing I have noticed is that management is trying to make our department feel better about it all by putting a spin on things. For instance, even though management keeps telling us that due to the market downturn, there will be less market activity, thus our workload should be lighter, that is in fact not true. Our workload has not become lighter, it has become HEAVIER. The reality is that since most companies don't have any cash on hand, there is increased complexity to the restructuring of many companies, resulting in more complicated deals being worked out. In fact, our department will now have MORE work, because we have to sift thru ever more complicated documents to sort out all the mess the highly leveraged companies have put themselves into, not to mention the increase in Bankruptcy cases and Class Action cases we must deal with.
The sad part is that since management have made the decision that our workload is becoming lighter, they now have an excuse to start laying off people and the remaining employees will have to take on an EVEN HEAVIER WORKLOAD. Sigh...
OK, I will stop dwelling on negativity. I should be thankful and I am. I am thankful that I live in a peaceful country (keeping my fingers crossed) and I live in a warm and comfortable home and I'm surrounded by loving friends and family. I hope and pray for peace around the world.
1 comment:
sounds like you should of took a longer vacation....
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