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Heavy equipment makers lag the broader market after Caterpillar (CAT -3.2%) lowered its 2015...
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Tuesday, September 25, 2012, 2:29 PM ETHeavy equipment makers lag the broader market after Caterpillar (CAT -3.2%) lowered its 2015 guidance due to slumping demand for mining equipment as well as a sluggish global economic recovery. CAT's cautious forecast is infecting other stocks that also depend on countries like China to keep building homes and factories: JOY -4%, TEX -4.2%, MTW -5.5%.
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Yeah, that's certainly one I'd place a lot of weight on. Most people have no clue where we'll be six months from now.