Friday Sept 25, 2015
CAT shares dropped 7% Thursday. Year to date the stock is down 25%. 2015 will be the third straight year os sales declines. CAT has been a bellwether for the world economy. As this article says CAT equipment is big and expensive. Purchases are always made as a result of exuberant social mood (my take). Or as CAT put it
n Thursday, the industrial giant announced plans for it to cut as many as 10,000 jobs as part of a restructuring plan in the face of what it called "a convergence of challenging marketplace conditions in key regions and industry sectors — namely in mining and energy."
Professor Elam 
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