claydoctor

CAT High Vol, then another dip lower IMO

Short
NYSE:CAT   Caterpillar
2
2008 and 2011 there was very high vol before another move lower (red boxes), call it the after glow of the oil drop, which this time could be worse. China not looking good at all. Deflation worries everywhere but here in the US? Think of what this will do to real estate prices, especially China already has ghost towns, and those banks, can govt bail them all out? Oil companies, oil loans, and those banks,m who will bail them out? Case Schiller said we are topping now. Every other currency debasing, and high yields chasers are running out of options. Does not look good folks. If these , and Greece failure, and Germany's love for austerity derails a Euro QE, wow. Could bring about a need for global QE , maybe 5 trillion, to bail everybody out, hey maybe we will all gets checks in the mail from....? About ready to jump in the gold miners swimming pool. My big toe is in the water. AT has what 65 to 70% business outside US? Might wait out this High Vol period in cash, and watch closely for another major dip, which would either lead or follow and major market correction, coming soon to a theatre near you.
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