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Fedex lowers guidance-Bringing Brown down with it
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<blockquote data-quote="MrFedEx" data-source="post: 355580" data-attributes="member: 12508"><p>FedEx has been viewed as an "indicator" stock for a long time on Wall Street, and the whole market took a tumble today as a result, not just UPS. Apparently, if FedEx is doing poorly, it "indicates" the entire spectrum of businesses in our economy must also be having problems. Seems like a broad brush approach that needs some revisions. It's only logical that fuel-intensive businesses like FedEx would be taking a hit right now. Duh!!!</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 355580, member: 12508"] FedEx has been viewed as an "indicator" stock for a long time on Wall Street, and the whole market took a tumble today as a result, not just UPS. Apparently, if FedEx is doing poorly, it "indicates" the entire spectrum of businesses in our economy must also be having problems. Seems like a broad brush approach that needs some revisions. It's only logical that fuel-intensive businesses like FedEx would be taking a hit right now. Duh!!! [/QUOTE]
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Fedex lowers guidance-Bringing Brown down with it
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