A Stunned Wall Street Reacts To Fedex's Biggest Plunge Ever

"Fedex shares have plunged 21% in premarket trading, its biggest drop on record.....and - as usual on Wall Street - the move has triggered an avalanche of downgrades from countless banks such as Bank of America, Stifel, JP Morgan and KeyBanc... banks who are supposed to predict the move not react to it, and yet despite the biggest drop ever, there is still just one sell rating!" ZH