Tuesday, September 23, 2008

Stock Market with IT

The Stock Market is an entity that really does give the fairest evaluation of how our economy and our lives will be effected for it shows the growth or decline of many companies. This past summer a lot of things occurred which led me to begin following this entity closely and really begin to understand the meanings of various things. It occurred for I interned at an IT staffing company that deals with placing and hiring various technical specialists for most of the fortune 500 companies. The other thing that occurred that helped me understand what was occurring was my brother worked for Bear Stearns in sub-prime mortgages and really was in the middle in what would develop as the credit crunch. What I took out of these events is information and life lessons that have ensured that every day at least three or four times I follow the market and check certain companies welfares and attempt to understand what is effecting each one and how. The field i find most interesting though is technology and how the project managers to the programmers and business analysts are being treated with the recent uprising in the companies such as Lehman Brothers, Merryl Lynch, Goldman Sachs, JP Morgan Chase, AIG and Bank of America. Since my employer, Comsys IT, is training myslef for sales I worked directly with the IT consulants that we placed at these companies as well as the hiring managers. The pay rate that these people receive is extremly high based on the qualifications and amount of time, training, and education that these people have been consumed with. It goes to show that the value weighted in technology is second to none and that without proper IT departments these corporations could crumble from the top down. The amount of legal questions that are going to arrise with regards to the corporations technological rights and that of the advertising market are going to coincide and become a major issue.

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