FedEx is considered one of the better economic bellwethers. So investors pay close attention whenever they announce earnings. That was the case Tuesday morning when they beat estimates, but lowered guidance once again for the future. That came along with a lowering of their worldwide and US economic forecasts.
I'm not going to pretend that this is good news. But it is definitely more about the slowing of world growth and not really a US centric problem.
Note their estimates still call for Muddle Through Growth in the States. This will keep earnings aloft for Corporate America. And that will keep stocks attractive versus the "island of misfit toys" which is the rest of our current investment options (cash, bonds, gold and real estate).
So I am not going to get scared off the scent of stock ownership, even though there is a good case for a mild pullback at this time.
Read: Buy on the dips.作者: CoolMax 时间: 2012-9-19 12:41
indicators were busy correcting downward from being overbought following the Fed announcement last week, moving to create high bases from which to rally again starting today.作者: cellphone 时间: 2012-9-19 13:17
本帖最后由 cellphone 于 2012-9-19 13:19 编辑
Raising wedge 破了。。。下面 text book target = 1460
只是 Text book target and who knows it will go there.作者: Diver 时间: 2012-9-19 13:28
今天按理没该收红而不是收绿的。可能是昨晚日本的QE消息加上今天早上美国的EXISTING HOME SALE数据激励了牛牛。作者: SuanC 时间: 2012-9-19 13:43
The Bank of Japan became this week’s central bank provider of liquidity largesse, adding to the recent moves by the ECB and the Fed to attack economic pitfalls with monetary moves. The action precipitated a recovery in risk appetites, sending Asian shares higher, and pointing to modest gains in US stocks at today’s open. Shares in European markets were mixed, with the uncertainty of Spain and Italy bailout requests continuing to weigh on growth-related asset prices. According to the BoJ “the pick-up in economic activity has come to a pause,” yet another reminder of the troubling reason for central banks’ largesse. US markets will also receive more housing data this morning, expected to show new home sales at a four-year high in August and existing home sales higher for the second month in a row.作者: Diver 时间: 2012-9-19 15:04
In response to the latest BoJ central bank move, Asian shares were broadly higher Wednesday. Of no surprise, it was Japan’s Nikkei that fared the best, up 1.2% to a four-month high, as the yen fell 0.6% against the dollar to ¥79.17, the lowest in a month. The BoJ announced a more aggressive than expected new stimulus package that increased the current asset-purchasing program by about ¥10 trillion ($127 billion) with the deadline for completion extended to the end of 2013 from June 2013. Elsewhere in the region, Hong Kong’s Hang Seng rose 1.2% as well, followed a 0.5% increase in Australia’s S&P/ASX 200, a 0.4% gain in China’s Shanghai Composite, and a 0.2% increase in South Korea’s Kospi.作者: Diver 时间: 2012-9-19 15:05
European bourses have shown less enthusiasm for the latest evidence of concerted central banks’ monetary might. Instead the focus remains on the willingness of its major peripheral nations, Italy and especially Spain, to accept the conditions that would come with a full bailout request. Peripherals’ bond yields, while still not sky-high, have begun to climb, and traders are nervous about Spain’s upcoming auction of up to 作者: Diver 时间: 2012-9-19 15:05
Still trading above the $1.30 level, the euro is off 0.2% against the US dollar. The dollar is up 0.2% against a currency basket at 79.33 and 0.2% higher against the yen.作者: Diver 时间: 2012-9-19 15:05
Crude prices are off 0.2% at $95.08 in front of this morning’s weekly EIA stockpile report. According to Platts, weekly inventory levels may exceed analysts’ forecasts, with supplies expected to increase 2.5 million barrels on the back of the previous week’s 2 million barrel build.作者: Diver 时间: 2012-9-19 15:06
Gold prices are up 0.2% to $1774.90, reflecting heightened expectations for inflation gains resulting from central banks’ liquidity injections.作者: Diver 时间: 2012-9-19 15:06
Copper, the bellwether of emerging nations’ industrial activity, is up 0.6% on the heels of Japan’s monetary move.作者: Diver 时间: 2012-9-19 15:06
The Fed’s move last week was predicated on meeting its mandate to assist stubbornly high unemployment levels in the US, choosing to adopt an aggressive program to buy mortgage-backed securities at a $40 billion per month clip. The plan is to assist housing markets as well, setting off a wealth effect that would also improve confidence and spending. Housing remains soft, although showing signs of stabilization. Yesterday the National Association of Home Builders confidence index rose to a six-year high at 40 in September, up from 37 previous and above forecasts of 38. Ryland Group (NYSE:RYL) said its orders for the months of July and August rose 62% from a year earlier. Before the NAHB release, Goldman Sachs (NYSE:GS) also expressed optimism on the sector, citing such positives as QEIII, rising home prices and low inventories.作者: cellphone 时间: 2012-9-19 15:30