Cutting Through the Conservative Outlooks
Every day we kick around the notion of post-traumatic stress when we debate the disconnect between what company execs are saying about their businesses and the future and what's really happening.
Today's an extreme. Caterpillar (CAT) was downright downbeat about what's happening, and I can see that Brazil and China have slowed. I can see that mining equipment has become tougher because of the collapse of coal prices. Still, though, I think things are looking brighter if only because the U.S. nonresidential construction is getting stronger, and both Brazil and China can turn their economies around with interest rate cuts. To me, Cat's too negative, and I worry that the company is a bit gunshy after the downturn....144 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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