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DewDiligence

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DewDiligence

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Re: jbog post# 7625

Thursday, 10/24/2013 5:50:17 PM

Thursday, October 24, 2013 5:50:17 PM

Post# of 30494
To be clear: I’m not bullish on CAT’s prospects in mining; rather, I think CAT’s slowdown in sales of mining equipment signifies a somewhat lower supply of iron ore during the next few years than some investors and analysts had been counting on. This, of course, is bullish for the price of ore.

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

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