One major uptrend didn't come undone when the global financial crisis struck. In fact, it's recently gained some momentum and has just hit new multi-year highs. That said, it's probably not the kind of move that will pique Wall Street's interest. Why? Because it's what some might describe as an ugly bull market -- in disapproval, animosity, and scorn. The Atlantic gives us the latest in "Growing Hatred for Big Business":
Big business is a common target for criticism for a variety of reasons. Some workers feel like a number working for a large firm. Others worry giant companies are taking over the world and making it impossible for small businesses and entrepreneurs to succeed. For whatever the reason, many Americans have been suspicious of big business for some time. A new poll from Gallup implies that their attitude is turning into a fairly generalized hatred.
Here's a chart it provides in conjunction with the recent survey. It shows what Americans think about major corporations:
A full two-thirds of Americans are displeased with the size and influence of major corporations. A pretty strong majority of the nation's people are frustrated with big business.
Read the full story about the poll at Gallup.
Just wait until the fantasy rally/recovery ends. That's when you'll really see this trend take off.
Big business is a common target for criticism for a variety of reasons. Some workers feel like a number working for a large firm. Others worry giant companies are taking over the world and making it impossible for small businesses and entrepreneurs to succeed. For whatever the reason, many Americans have been suspicious of big business for some time. A new poll from Gallup implies that their attitude is turning into a fairly generalized hatred.
Here's a chart it provides in conjunction with the recent survey. It shows what Americans think about major corporations:
Read the full story about the poll at Gallup.
Just wait until the fantasy rally/recovery ends. That's when you'll really see this trend take off.
