$$ - So we have FedEx - $FDX, issue a profit warning. Good news or bad news? Well, on the one hand it's a sign that the economy is slowing. After all, UPS issued a similar warning not long ago. Is this a sign that the US consumer is ordering less stuff?
On the other hand, it's a sign that the Fed will stimulate the economy again!
Is bad news good news?
That's the debate. Meanwhile things do seem to be a bit slower as the market is near the yearly highs. Investors Intelligence sentiment shows that there are 51% bulls and 24.5% bears, so the argument that everyone is bearish seems a bit shallow.
I remain with a large cash position and low beta stuff. I believe we're not out of the woods and are still in the sell in may period. Maybe it works out or maybe the market goes to the moon. We have ECB news out tomorrow, as well as jobs data to close out the week.
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And NFL tonight... And so, fantasy football begins again.
Everyone picked up NY Giants RB Dave Wilson, right?
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Stocks barely move; FedEx sinks on profit warning
AP BUSINESS | SEPTEMBER 5, 2012
http://pulse.me/s/cZUKK
NEW YORK (AP) — U.S. stock prices are closing mixed, held in check by a warning from the huge package delivery company FedEx that its profits would b... Read more
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Sent via Pulse
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Stocks barely move; FedEx sinks on profit warning
AP BUSINESS | SEPTEMBER 5, 2012
http://pulse.me/s/cZUKK
NEW YORK (AP) — U.S. stock prices are closing mixed, held in check by a warning from the huge package delivery company FedEx that its profits would b... Read more
--
Sent via Pulse
