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FedEx Corporation Message Board

  • classof46 classof46 Sep 23, 1999 4:32 PM Flag

    This is true re: price of oil.

    But I would not be surprised if the feds did do
    something stupid,(they are the government you know).

    Being from this part of the country, we can see the
    benifit of higher oil prices. Transports can and do add
    fuel surcharges if the price of oil goes up, if the
    price goes down the oil companies have to lay employees
    off.
    Frieght will move regardless of fuel prices,
    because people will continue to buy goods, if they have a
    job.

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    • Yesterday on the PBS news hour they reported that
      the proposed amount they might release is so small
      it's like a drop in a bucket. I believe, according to
      Dow Theory, we have the confirmation of a primary
      Bear Market when the DJI dropped below 10,466. The S&P
      500 broke 1,300; the 1265 level must hold or we have
      an even more powerful case for the bears. There's an
      old adage about bear markets, he who looses the least
      is the winner.

 
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