Our currency buys less, Food and gas prices are rising, but it's great for large corporations. Well why couldn't Caterpillar make it's numbers. GE the best example met estimates, my goodness could you imagine if the dollar were to rise. Bet they could come up with some fancy accounting tricks to hit the numbers any way.
I really thought CAT would benefit from the low dollar, surprised to see earnings like I did on Friday.
lol cat,jnj,utx,aa and tons of others had disppointing earnings even with the weak $.the weak $ good for stocks scam is just another gig for the powers to make people buy stocks. the $ dropped many time in past market meltdowns. go back to the 90's the powers would change back and forth and would say both a weak $ and strong $ were good.the only thing thats changed in the market the last 50 years is stocks aren't being punished when they miss. cat which ran 50% in 6 months falls a lousy 4% on a 20% miss? thats damm laughable