Earnings warning from FedEx and its view of soft global shipments might have increased -ve sentiment in the market and perhaps caused all three major US indices to finish the day in red. This was one of the worst weeks for the markets in recent times. Let's see if this brings some other stocks in the space (e.g. UPS) in the discounted zone for us to build a long-term position. In any case, I think that until the FOMC decision is out next Wednesday, there is not much confidence in estimating a bottom for favorite stocks.
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