For GT Blog September 15, 2008
Years ago market participants used to say
"What is good for GM was good for America"
Then we dropped GM and went to IBM - we called IBM "Big Blue"
"What is good for Big Blue is good for America"
Forget all that - the real bellwether for the U.S. economy is UPS
That is because UPS is the shipper of choice for Main Street
The shares of UPS peaked last mid 2006 effectively forecasting the 2007 - 2008 bear
Now UPS is about to forecast the end of the 2007-2008 bear
Bill Carrigan
Years ago market participants used to say
"What is good for GM was good for America"
Then we dropped GM and went to IBM - we called IBM "Big Blue"
"What is good for Big Blue is good for America"
Forget all that - the real bellwether for the U.S. economy is UPS
That is because UPS is the shipper of choice for Main Street
The shares of UPS peaked last mid 2006 effectively forecasting the 2007 - 2008 bear
Now UPS is about to forecast the end of the 2007-2008 bear
Bill Carrigan
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