Wall Street received the interest rate cut it wanted, but still turned in a baffling late-day performance Wednesday, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the previous session's big advance.

Fed slashes key interest rate by half-point to 1 percent in effort to combat financial crisis
Fed cuts key interest rate half-point to 1 percent: Financial News - Yahoo! Finance

DOW...8990.96...-74.16...-0.82%

NASDAQ...1657.21...+7.74...+0.47%

S&P 500...930.09...-10.42...-1.11%

YRCW...4.20...+0.40...+10.53%
SAIA...8.41...+0.41...+5.13%
JBHT...27.21...+1.26...+4.86%
WERN...18.59...+0.66...+3.68%
CNW...32.75...+1.03...+3.25%
ABFS...27.47...+0.49...+1.82%
KNX...15.15...+0.18...+1.20%
ODFL...27.05...+0.24...+0.90%
LSTR...33.53...+0.24...+0.72%
HTLD...14.18...+0.03...+0.21%
FDX...58.08...-0.08...-0.14%
UPS...47.70...-1.16...-2.37%


FedEx and UPS: Stable but Still Struggling

FedEx and UPS: Stable but Still Struggling - Seeking Alpha


YRC to cut up to 3,750 jobs at units

OFFICIAL-CORRECTED-YRC to cut up to 3,750 jobs at units | Markets | Markets News | Reuters

FedEx Ground Selects Site for New Portland Area Distribution Hub

FedEx Ground Selects Site for New Portland Area Distribution Hub: Financial News - Yahoo! Finance

Truckers hold earlier gains after Fed rate cut

Truckers hold earlier gains after Fed rate cut: Financial News - Yahoo! Finance

U.S. stocks rose, capping the biggest weekly gain since 1974, after JPMorgan Chase & Co. took steps to end the housing crisis, bank lending rates declined and earnings from companies outside the financial industry expanded four times faster than the previous quarter.
Bloomberg.com: Worldwide

Evidence of a recession piles even higher with new data showing Americans are spending less
Evidence of a recession piles higher with new data: Financial News - Yahoo! Finance


DOW...9325.01...+144.32...+1.57%

NASDAQ...1720.95...+22.43...+1.32%

S&P 500...968.75...+14.66...+1.54%

SAIA...10.61...+1.60...+17.76%
YRCW...4.58...+0.58...+14.50%
LSTR...38.59...+3.06...+8.61%
ODFL...30.34...+2.33...+8.32%
FDX...65.37...+4.36...+7.15%
HTLD...15.34...+1.01...+7.05%
ABFS...29.19...+1.42...+5.11%
KNX...15.90...+0.73...+4.81%
UPS...52.78...+1.65...+3.23%
WERN...19.62...+0.57...+2.99%
CNW...34.04...+0.67...+2.01%
JBHT...28.43...+0.51...+1.83%

FedEx-An Opportunistic Portfolio for Gun-Shy Investors
An Opportunistic Portfolio for Gun-Shy Investors

Back to the 1970s
High taxes, inflation and political blunders killed the stock market. But some U.S. entrepreneurs were just getting started.
Back to the 1970s - Forbes.com

Stocks Could Get a Short Post-Election Bounce
Stocks Could Get a Short Post-Election Bounce - Markets * US * News * Story - CNBC.com

River, you are doing yeoman's work here, but you may drive yourself crazy...there doesn't seem to be any rhyme or reason with the market right now...other than our industry got a general downgrade the other day from analysts, which was predictable...I am playing peek-a-boo with it, meaning I look when I feel brave enough, the rest of the time I try to keep my eyes closed...

Boxboss

Just remember the stock market is a forward discounting mechanism that looks 6 to 9 months ahead. The stock market will recover way before the actual economy recovers.
Just trying to bring reading stories to keep you and others on the cutting edge. After the elections the stock market will have a better feel for what we will be in store for in the short and long term.
Just try to track the S&P 500 to get a read on the market.

Fair enough...So what do you read 6-9 months out based on current trends..??

Boxboss

For the last 4 weeks or so the stock market was pricing in an Obama presidency, that along with a democratic control of Congress could bring a depression ahead.
We will find out after the Tuesday elections what we have in store for the future.
If McCain/Palin come from behind and win then we may have a recession lasting at least 6 months or longer instead of a depression. Either way the economy will not stabilize until we find a floor to the housing market. That alone could still last another year or so. For the short term unemployment could go as high as 9% or 10%.

Understanding the Limits of the S&P 500's Usefulness as a Market Barometer
Understanding the Limits of the S&P 500's Usefulness as a Market Barometer - Seeking Alpha

Q109? Q2? When the Market Will Recover
Q109? Q2? When the Market Will Recover - Seeking Alpha