Discussion in 'Stocks' started by trueliquidity, Apr 8, 2008.
This really cant be good lol.
Is this the harbinger of thing to come?
My vote is yes. Economy is in the midst of a slowdown confirmed again.
"The announcement came less than three weeks after its main rival, FedEx Corp (FDX.N: Quote, Profile, Research), reported a 7 percent decrease in quarterly earnings due to slowing U.S. economic growth and high fuel costs.
Both Atlanta-based UPS and Memphis-based FedEx are considered bellwethers of U.S. economic activity. "
I'm expecting more earnings misses to lead market to lower lows.