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US stocks suffered significant losses
US stocks suffered significant declines Wednesday, after the second-largest US package company FedEx reported a loss and a financial analyst warned of more credit crisis writedowns.
FedEx reported a fiscal fourth-quarter loss of $241 million. The company had posted a $610-million profit in the year-earlier period.
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"A market analyst is an expert who will know tomorrow why the things he predicted yesterday didn't happen today!"
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