Counting 2016, it will be four consecutive down years for CAT. That's never happened before—even during the Great Depression.
Moreover, it’s shocking that, after three straight down years (not counting 2016), CAT still has enough fat to be able to cut 4,000-5,000 white-collar jobs.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”