Nope, nice day in NYC so I went for a stroll. Now, are you going to give some line of bullshit about how the markets are rigged? Come on you white trash hero, bet the trailer that the markets will go green! Post a screenshot of your account values! Come on, it will be a good laugh for everyone here.
DAX dropped 200 pts on bernanke announcement. if you don't watch foreign, bonds, institutional capping, etc. yer at a disadvantage the 200 pt DAX drop happened long before the dow drop a serious tell
the fact that CAT was bought on the gap down leads me to be bearish for the rest of the day. they usually buy CAT on bad news and make excuses for it. today is an exception.
DONT WORRY an analyst just came out saying buy... Citigroup analyst sees opportunity in Caterpillar woes By Christopher Hinton, MarketWatch Last Update: 10:12 AM ET Jul 20, 2007 NEW YORK (MarketWatch) -- Caterpillar Inc. may be taking a bruising on results that were way below Wall Street's expectations, but investors should keep in mind the company's strong top line before they sell, Citigroup said in a note. Caterpillar stock was down 7% in early morning trading Friday to $81. Shares hit an all-time high Thursday at $87, and are up almost 30% from a year ago. Chart of CAT "We've been here before with this stock," Citigroup analyst David Raso said, noting Caterpillar (CAT : Caterpillar Inc News , chart , profile , more Last: 78.73-8.25-9.48% 11:13am 07/20/2007 CAT78.73, -8.25, -9.5% ) has struggled in past cycles with unexpected operating and material-cost pressures. For the year, costs are expected to be about $150 million more than anticipated. "With top line still looking strong ... internationally, and North America likely flushing out the worst of its production hits in 2007...we'd be buyers on weakness today." Earnings for the maker of earth-moving machinery were $823 million, or $1.24 a share, with revenue of $11.4 billion. Excluding a 7 cents-a-share charge, earnings were $1.31, below analysts mean estimate of $1.49 a share on revenue of $11.1 billion, as provided by Thomson Financial. Analysts' estimates typically exclude one-time items. End of Story
In the long term CAT will go higher Just kinda sucks how it dragged down the entire market so much. I wasn't expecting that.