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DewDiligence

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Re: santafe2 post# 26837

Monday, 11/07/2022 10:19:56 AM

Monday, November 07, 2022 10:19:56 AM

Post# of 30495

As for CAT as a bellweather, certainly yes as regards the industrial/materials sector. However that sector accounts for less than 3% of the SPX…

CAT’s prospects are strongly tied to the housing market, the transportation market, the oil and gas market, and infrastructure projects, so we’re talking about much more than 3% of the SPX when all is said and done.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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