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November 17, 2007


FedEx and Copper: Telling the Same Story

FedEx’s chart is telling us the exact same story as copper’s: the global economy peaked in May 2006, went sideways for about a year, and reversed trend (down) since the subprime stuff hit the fan back in August. FedEx, similar to Dr. Copper, is a bellwether for gauging the state of the global economy and it’s saying that things don’t look particularly good at the moment.

FDX

This entry was posted on Saturday, November 17th, 2007 at 2:49 pm (utc+8) and is filed under Trading and Investing.

4 Responses to “FedEx and Copper: Telling the Same Story”

  1. pancho said:
    November 17th, 2007 at 7:13 pm

    It seems Colin agrees with you. Or maybe you agree with Colin. :-)

  2. Andrew said:
    November 17th, 2007 at 9:08 pm

    IOO the IShares Global 100 index fund shows a steady uptrend through 2006, not sure how valid this is as a measure though.

  3. C. Maoxian said:
    November 17th, 2007 at 9:35 pm

    @pancho: I wasn’t aware of Colin’s comments put I’ve delicious’d his site and plan to check it out when I get a chance. Thanks for the tip.

    @Andrew: Maybe the energy components in IOO (BP, Chevron, Exxon, Total, etc.) are giving it a lift?

  4. Adheer said:
    November 18th, 2007 at 12:20 am

    I think the US and Western European economics hit the peak in May 2006.

    Economies like China and India are surging ahead.

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