% | $
Quotes you view appear here for quick access.

SPDR Dow Jones Industrial Average ETF Message Board

  • careful_investor_wins careful_investor_wins Mar 20, 2013 2:56 PM Flag

    The Federal Reserve trimmed its forecast for economic growth in 2013

    The main concern Fed has is the fiscal policy has become more restrictive, and I think the Fed concern is justified. The impact of sequestration is only at the very beginning. We really still do not know how bad it will get yet. Investors are underestimating the political dead lock. The politicians simply did nothing and let sequestration happened. If they repeat that again for the current budget fight, we could be looking at a complete shutdown of the government after 3/27. The bad FedEx earnings report today should have sent a clear warning to investors, but many investors are apparently still not getting the warning sign yet. FedEx is the shipper for all other companies, and if FedEx is doing badly and worse than last year. That tells you how bad all other companies might be doing. This market bubble can pop anytime.

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
181.53-0.43(-0.24%)11:55 AMEDT