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Joy Global (JOYG) is +8.8% premarket after news that rival Bucyrus (BUCY) will be bought by...

Joy Global (JOYG) is +8.8% premarket after news that rival Bucyrus (BUCY) will be bought by Caterpillar (CAT) for $8.6B. Other peers getting a premarket boost: CNH +3.2%, NAV +1.8%, TEX +7.3%.
Comments (1)
  • fiso11
    , contributor
    Comments (20) | Send Message
     
    The acquisition of Bucyrus reflects two things; 1) Caterpillar is cashing in on demand for commodities by Emerging markets. 2) Most importantly a weaker dollar will drive commodity prices even higher. A likely side effect of Quantitative easing by the Fed is a decline in the dollar. Check out Copper vs. CAT, it’s looking pretty good.

     

    CAT vs Copper- www.hiddenlevers.com/h...

     

    CAT vs Coal- www.hiddenlevers.com/h...

     

    CAT vs Oil- www.hiddenlevers.com/h...

     

    We saw the commodities link, now I wonder how CAT looks verse the green back
    Dollar vs CAT - www.hiddenlevers.com/h...
    15 Nov 2010, 04:05 PM Reply Like
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