SA author Emerging Money is worried for the mining sector following Caterpillar's (CAT) Q1...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

SA author Emerging Money is worried for the mining sector following Caterpillar's (CAT) Q1 earning report, in which the company said it expects sales of its traditional mining machines to fall 50% in 2013. "What might be scary to think about" is that "commodity prices are actually still quite high," Emerging Money says. "This tells me it could get much uglier as well." (Caterpillar earnings call)