[1]FedEx started the day down around 4% (on the disaster that we noted earlier [3]) and has not looked back. Now at the lows of the day, down 7% (and 8.5% from its highs yesterday) this is the biggest drop and biggest volume (with 30 minutes left in the day) in 18 months.
[4]
So much for global trade volumes...
[5]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10418
[3] http://www.zerohedge.com/news/2013-03-20/global-trade-bellwether-fedex-cuts-outlook-capex-forecast-says-may-ground-aircraft
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130320_FDX.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130320_FDX1.jpg