$CAT CEO: ‘There Will Be a Bottom and a Turn’

Oil is rallying. Futures are up. Caterpillar crushed estimates and reduced the Goldman Sachs sell rating into the laughing stock of Wall Street. The market looks promising, early on.

Here is the CEO of CAT, in an interview this morning, throwing shade at iron ore–but lecturing Joe “hairpiece” Kernen about the upward turn that will come to CAT’s business.

Earlier he was discussing China, detailing CAT’s 30% year over year reduction in sales there, sounding somewhat optimistic about the future, inspite of the sales drop.