Seeking Alpha

Caterpillar (CAT -1.7%) slips after saying that global sales of machinery, such as excavators...

Caterpillar (CAT -1.7%) slips after saying that global sales of machinery, such as excavators and bulldozers, were down 1% from a year earlier for the three months ended December 31, while engine sales declined 2%, hurt by weaker demand in Asia and North America. The decline was the first since April, 2010, and stands in stark contrast to yesterdays survey results showing that loans and leases for business equipment in the U.S. rose in December.
Comments (5)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Must have confused it with Student Loans and Forclosed housing leases
    25 Jan 2013, 03:33 PM Reply Like
  • zantor2
    , contributor
    Comments (11) | Send Message
     
    MY comments is these BIG downward moves, here at CAT and also AAPL when they report what is truly minor fluctuations is just plain ridiculous. The MARKET reaction which I will guess is BIG BOY traders, like hedge funds, institutionals, program traders is what makes retail traders doubt the honesty of the market overall.

     

    Sure it is a GAME and you play at your own risk. But when a company like CAT says they had a 1% decline and the stock dumps like the news was CAT was going broke is stupid.
    That's right my word for those jack arses they are STUPID, sure they may say THEY are making money by doing what they do and they have every right to do the actions, but in the stock market it would be better if there was some REAL correlation between value and news reports and the impact.

     

    Just my thoughts.
    25 Jan 2013, 03:33 PM Reply Like
  • redarrow5150
    , contributor
    Comments (936) | Send Message
     
    Don't disagree but when China appears to be rebounding and a company comes out and says they found accounting issues in that company AND now they say sales are slowing in China? Red Flags. I see two gaps in the charts around $82 and $89 so I will take a wait and see approach when they report on Monday. Also the stock has seen a nice runup this month so the decline (IMO) fits since the company isn't exactly a big growth company.
    25 Jan 2013, 06:03 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    They have computers now...and when they see words like "sales drop"....that turns on the sell button...and off they ALL go to the races...the flash crash...it is a casino now....but if you sit in front of your computer you can play with them....kind of....the fire is hot...I buy the dips if I think they are wrong...
    25 Jan 2013, 04:14 PM Reply Like
  • country356
    , contributor
    Comments (3) | Send Message
     
    I agree that the market sometimes overreacts to news, but that is the hand that we are dealt as investors, so you might as well learn to play it.
    25 Jan 2013, 06:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)