Think Globally, Buy Locally

By

Jim Cramer

 | Sep 03, 2014 | 11:33 AM EDT
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Delta Air Lines (DAL) demonstrates what I most fear about this market. This morning, the terrifically run airline announced very strong domestic numbers. But in the same breath, the company shaded down its passenger revenue per average seat mile, the key metric, because of the, and I quote, "impact of events in Russia, the Middle East and Africa."

There it is. You've got Ukraine, including the downing of MH-17, and you've got Africa with Ebola and you have wars all over the place in the Middle East. Now, the whole decline only knocked off a percent off of what we expected in revenue growth, but when a 3% figure estimate goes down to 2% in a situation where everyone expected perfection, you are going to have a hammered stock. And that's just what we are getting with Delta, which is down almost 5% today....436 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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