Would pay real close attention to CAT earnings tomorrow. Last quarter was not a good one for them. With housing slowing even further CAT could find some problems with earnings tomorrow. Im bearish on CAT, any shortfall and CAT goes to 55. I think anything below 50 on CAT is a buy.
If CAT goes to 50 I am not going to be a happy camper. Very nervous about tomorrow's conference call. 11 AM... I kind of feel like the bad news is already priced in for this one. What is it 11x earnings. Should be interesting.