I have sell stops for CAT if it breaks below $71. Sandman, the company does make the best heavy equipment on the planet, bar none. But, the planet is slowing down.
How do i know this?? Just look at CAT's top line revenue... it has shrunk for the past 13 QUARTERS IN A ROW!!!!
Do you know what the Baltic Dry Index is? It's a measure of global shipping demand... and it's at it's lowest point EVER!
This means that there is less 'suff' being shipped around the world. This means the global economy is slowing drastically. This means LESS demand for heavy machinery to move the 'stuff' that is not being shipped because of lack of demand. This means lower sales for CAT... 13 quarters in a row and counting.
This is why CAT stock will continue to go lower and lower and lower.
CAT makes equipment beautiful enough to fall in love with. Just don't fall in love with the stock.
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