Are China Fears Overblown?
Caterpillar (CAT) crushed its earnings expectations this morning. The stock celebrated by gapping higher by $3.70, then proceeded to surrender much of its gains as a wave of selling hit the markets.
Caterpillar's economic outlook contained a lot of interesting tidbits, including a prediction for an additional expansion of the Fed's balance sheet. But perhaps most interesting was this comment about China's economy:...418 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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