Fedex Missed

While the headlines seem to point to FedEx’ (NYSE: FDX) missed profit numbers as a reason for this morning’s market decline, the real reason we’re seeing the activity that we are is that real concern has crept into traders that the rally is over.

The S&P is down just over 5% from it’s high last Thursday – the alarm bells traders and investors are hearing may be real.

While President Obama is pushing for reform that he hopes will restore investor confidence, he might want to remember to encourage Wall Street as well.

Inflation actually came out relatively tame in recent reports, and it’s highlighted the fact that our economy is picking back up as fast as anyone hoped it would.

Investors aren’t going to be getting too much to celebrate over the next few weeks as this pullback continues, but we will be offered some tantalizing long-term investment opportunities in the meantime.

We’ll be paying close attention to a number of companies on our radars in the next couple of weeks.

Symbols mentioned in this article: FDX.

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