CAT & DE (Caterpillar & Deere) see big decline in global demand for their goods

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ByLoSellHi

By Courtney Schlisserman

Aug. 26 (Bloomberg) -- Caterpillar Inc., the world's largest maker of construction equipment, said Aug. 20 that declines in sales of machinery to its retailers accelerated in July. Deere & Co., the world's largest maker of farm equipment, lowered its sales forecast for 2009 amid declining demand for lawn and construction machinery.
 
Seriously if fundamentals mattered do you think the s@p would have ever seen 1038? we'd still be at 800 or less if they mattered.
 
Quote from jnorty:

Seriously if fundamantals mattered do you think the s@p would have ever seen 1038? we'd still be at 800 or less if they mattered.
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Fundamentals never matter...until they do.

Then, they matter more than ever.
 
CAT and DE are "best of breed" companies. As far as trading goes, the farther down these go the better. buy at a discount...dont be a sucker and pay retail price :)
 
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