Investors keep looking for signs that the stock market may not be all that it’s cracked up to be. Despite record highs, savvy investors continue to try and hedge their bets against any future downturn or crash.
A story that appeared on CNBC today suggests that you don’t have to look beyond the nation’s railroad industry for strong clues that signal “bad news ahead” for the U.S. economy. According to the report- Shares of Union Pacific dropped nearly 7% after reporting its 6th consecutive quarter of earnings-per-share decline. And Union Pacific’s fellow rail stocks slipped along with it; shares of CSX, Norfolk Southern and FreightCar America all fell, and this decline in the rails could be sending negative signs about the state of the economy
“Honestly, if you look at rail shipment volumes over the last couple of years, you would be very worried about where we are headed. Rails can be a good indicator of the overall economy’s health, given the group of commodities they carry. You could make the argument that we’ve been in a ‘freight recession’ the last year and a half to two years, and it would be indicative of a slowly growing economy.”
Watch the entire report below.
Crash Proof Retirement ® knows that many of you are not fooled by the over-inflated stock market & the artificially pumped-up economy. If you’re worried about a crash on Wall Street that could cost you 30%-40% of your retirement nest-egg then let Phil Cannella and Joann Small educate you on the exclusive Crash Proof Retirement ® System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement ® System at the next Crash Proof event! Register here. There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement ®- Joann Small.