Jahbulon wrote:Too true. We are now trading central banks......
Scary. Earnings and guidance are even worse than expected up to this point. What would the trigger level be for Ben to ease? Perhaps 1200 on the S&P? Who knows? 10yr just broke 1.50%! I'm hoping for a short term relief bounce off the 1338 S&P level.
Cummins Increases Dividend by 25 Percent; Updates 2012 Revenue Outlook
"We have seen demand in some markets weaken recently as growth in the global economy has slowed," continued Linebarger. "Order trends in the U.S. for trucks and power generation equipment have softened and demand in Brazil, China and India is not improving as we had previously expected. Our revenues have also been negatively impacted by the appreciation of the U.S. dollar against a number of currencies. We are making adjustments within our business to manage costs, while continuing to fund our critical growth programs and will continue to focus on execution and improving operating margins."