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More on Caterpillar (CAT): Q2 profit up 67% from last year. The company lowers the top end of...

More on Caterpillar (CAT): Q2 profit up 67% from last year. The company lowers the top end of 2012 revenue guidance to $70B from $72B (low end remains $68B) due to the weaker global economy and stronger greenback. 2012 profit forecast raised to $9.60 from $9.50. "The good news is, this doesn't feel like 2008." Shares +3.9% premarket. (PR)
Comments (4)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "The good news is, this doesn't feel like 2008."

     

    The bad news: It feels like 1936.

     

    (cue the music)

     

    "Happy Days are here again, the skies above are clear again..."

     

    (off in the background, chanting from the street)

     

    "Four more years, four more years, four more years..."
    25 Jul 2012, 08:17 AM Reply Like
  • nicthu
    , contributor
    Comments (47) | Send Message
     
    What happened in 1936?
    25 Jul 2012, 09:16 AM Reply Like
  • GaltMachine
    , contributor
    Comments (1129) | Send Message
     
    nicthu,

     

    In the Great Depression, we had our second leg down in economic growth with the 1936 version of this year's fiscal cliff.

     

    http://bit.ly/LNklDQ
    25 Jul 2012, 09:30 AM Reply Like
  • poconnor29@ol.com
    , contributor
    Comments (9) | Send Message
     
    Some of the CAT tractors of the 1930's are still working today.
    26 Jul 2012, 02:15 PM Reply Like
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