HONG KONG -- (Marketwire) -- 10/19/11 -- Today, www.WorldStreetFundamentals.com released its industry report highlighting Global Geophysical Services, Inc. Common Stock (NYSE: GGS) and Crocs, Inc. (NASDAQ: CROX). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=GGS+CROX.
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets.'
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
World Street Fundamentals has highlighted Global Geophysical Services, Inc. Common Stock for its current position within the basic materials industry. The entire report on Global Geophysical Services, Inc. Common Stock (NYSE: GGS) is available here: www.WorldStreetFundamentals.com/Report.php?id=GGS.
World Street has featured Crocs, Inc. for its development within the consumer goods industry. Crocs, Inc. (Crocs) and its consolidated subsidiaries are a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear and accessories for men, women and children. The Company's products include footwear and accessories that utilize closed cell-resin, called Croslite. The entire report on Crocs, Inc. (NASDAQ: CROX) is available here: www.WorldStreetFundamentals.com/Report.php?id=CROX.
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