Stockhouse @ the Bell: Wall Street flat on FedEx warning; Fourth-straight TSX sell off

Today on Stockhouse

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Government debt bubble should create some short-term winners, says Steven Saville.

Peak soil could create the next big investment boom, explains Andrew Mickey.

Options investor bullish on Microsoft, notes Jud Pyle.

John Whitefoot discusses 'Green shoots' in the penny-stock sector.

Jeff Clark of Growth Stock Wire looks at three stocks to buy, 397 to sell or avoid.

For more articles on gold and silver, please visit the Stockhouse gold & silver feature supplement: https://www.stockhousefeatures.com/gold-and-silver/

Buzz on the Boards visited the BioSyntech (TSX: T.BSY, Stock Forum) and Grande Cache Coal Corporation (TSX: T.GCE, Stock Forum) Bullboards.

Top Bullboards post: “I think we have reached the tipping point. Finally, there are strong signs that the BEAR has returned to the DOW & the TSX. The near-term trends of the DOW & TSX are definitely down and this time the Charts & TA signals are slowly getting weaker PLUS they are starting to confirm that the US & CDN markets are finally starting the long trek southward. This BULL is getting weaker as reality creeps back into the markets. I knew the BEAR would come out of hibernation eventually”… - From TZero on the Horizons BetaPro S&P TSX 60 Bear Plus ETF (TSX: T.HXD, Stock Forum) Bullboard.

Top Bullboard: The Appleton Exploration (TSX: V.AEX, Stock Forum) Bullboard continued its run as the most posted and read Bullboard on Stockhouse.

Top blog: “Commodities bull and bears are having a field day as each take their turn,” said ghost11 on the Ghost Trader2 blog Wednesday.

For news about small stocks that made big moves in Wednesday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"Stocks are probably appropriately priced at this point, not particularly expensive or cheap," Joe Williams, director of equity management at Commerce Trust Co. told MarketWatch. "What we really need now is for earnings to come through. But no one is expecting that to happen."

Today In The Markets

Commodity selloff pushes TSX lower for 4th session; N.Y. little changed

DJIA	8,497.18	-7.49
NASDAQ	1,808.06	+11.88
S&P500	910.71	-1.26
S&P/TSX	10,066.11	-241.29
S&P/TSX Venture	1,115.37	-23.82

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TORONTO, NEW YORK (CP) - The Toronto stock market piled on losses for a fourth session Wednesday, pressured by commodity stocks on doubts the spring rally has much momentum left.

The main S&P/TSX composite index fell 241.29 points to 10,066.11 as energy and mining stocks continued to retrench after helping boost the Toronto market as much as 40 per cent since the rally began in early March. The TSX Venture Exchange moved 23.82 points lower to 1,115.37 while the Canadian dollar reversed direction to move up 0.28 of a cent at 88.42 cents US.

The Dow Jones industrial average was 7.49 points lower to 8,497.18. The Nasdaq composite index gained 11.88 points to 1,808.06 while the S&P 500 index slipped 1.26 points to 910.71 after FedEx (NYSE:FDX) said it posted a fiscal fourth-quarter loss and forecast earnings well below analysts' views in the next quarter. Its shares were down 72 cents to $50.70.

Please click here for the current U.S. and Canadian market summaries.

After-Hours News

Evertz Technologies (TSX: T.ET)
After Wednesday’s close, the equipment provider to the television broadcast industry reported fiscal 2009 sales of $315.9 million, a 16% increase year-over-year. Net earnings were $100.7 million for the year, or $1.36 a share, compared with $87.3 million, or $1.17 a share, during fiscal 2008.