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|Subject: Re: Caterpillar dn 4% on reduced earns projectio||Date: 9/26/2012 12:52 AM|
|Author: TMFCogitarius||Number: 46594 of 46905|
The China growth engine ran out of gas early last year, but, as usual, it took CAT management till now to figure that out.
That's probably why they're called cyclicals - every few years, they will predictably and reliably be out of touch with stark reality.
Unless you think the US is going to rescue it any time soon??
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