One day, Caterpillar will find themselves in the most unfortunate position of being held hostage by a comically spiraling out of control Chinese economy. Until then, morons and fucktards alike continue to dive into their shares — like braindead zombies in a low television series.
The whole ‘global growth’ story that people like Cramer commercialized, via BRIC, turned out to be one giant scam — didn’t it?
Brazil is a god damned mess and bankrupt.
Russia is going to nuclear bomb Obama’s house.
India has placed itself as the number one destination to get raped in broad daylight, on a city bus.
And China is boiling one billion frogs, slowly, in their cauldron of systemic disaster.
It’s all coming to a head, sooner or later. Ugly men like Jim Chanos, with their thick and rotten glasses, will be our new leaders in the coming apocalypse. Until then, enjoy your fucking lattes and summer vacays in the South of France.
Here is the historical PE’s of CAT over the past decade.
wow cat had a quite a rebound this year. but on the monthly and on the weekly it is at resistance and overbought. look out below. good one chanos.