SAN FRANCISCO (Reuters) - Starbucks Corp on Thursday said that for the first quarter in its history, the number of visits to its established U.S. stores fell as economic worries and two recent price hikes spooked customers, sending shares nearly 9 percent lower.
I think this is a significant story. Whatever obligatory year-end rally we get could very well be followed by heavy January selling as Q4 fears materialize.
Watch NQ 2037 resistance and 2016.50 support.
I think this is a significant story. Whatever obligatory year-end rally we get could very well be followed by heavy January selling as Q4 fears materialize.
Watch NQ 2037 resistance and 2016.50 support.
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on Friday, November 16, 2007 at 11/16/2007 01:24:00 AM.
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11/16/07 11:40 AMOn my screen the volatility VIX, VIN ... are down WAY more than the upside movement in the indexes. I wonder if this is fore telling?
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