Thanks Cogitarius. I still think Caterpillar is a well managed company.They have spent the last cycle building up their countercyclical businesses such as locomotive repair.Plus they have been issuing earnings warnings for at least the last quarter--earlier due to slow down in Europe. Now its slowdown in China and reducing mining demand. We have been discussing when to sell (and when to buy) for sometime on the Caterpillar discussion board.It looks like the support level on CAT is at about 82. The recent run-up to 90+ was "excessively exhuberant" and premature.CAT may already have bottomed for this cycle. If not there could be buying opportunities ahead. But who knows, we could be in for a rollercoaster ride for a while.