This is vs a support level of $82+.

CAT has been reducing earnings estimates due to slowdown in Europe and now China. Slowdown in coal and iron ore is also a factor. But if you think the politicians will do as they should and slow recovery from here is likely, this is a no brainer.

The immediate news is said to be reduced earnings estimate from Cummins. But CAT is a Dow stock which gets buffeted when international investors sell their Dow based investments.

CAT is an industry leader, a global leader, and a well managed company.

Great buying opportunity.