"Don't own CAT, but what you are not getting my friend - IT'S AN ECONOMIC CYCLE STUPID - To everything there is a season. THERE IS NO SUCH THING AS A F&%#*+ New PARADIGM!"
Geeesh, such hostility. Building growing crops...etc.. maybe not at the same rates as the past. Maybe Technology at a faster rate. With all the new home data coming out of the USA this year, and CAT earnings down... your incorrect to assume that they will grow again. You call me stupid, yet you bitch about the Mkt. cap of CAT compared to AMZN. Obviously one has better growth rates, and the efficient market always knows this. Why do you hold on to a over valued market equity, that for the last many years have decreased in return? There is never anything wrong in trading these equities, but you profess never selling? You've missed the New Paradigm, totally. Technology has always been the season: even when technology was a steam engine, light bulb, printing press, phono player, radio, TV, computer, genetics... Efficient uses of extracted resources may have already reached a maximum demand supply model extreme. Until spaceships are built on a common basis, no more surface elements may be needed. Golds best use was for a monetary hedge, and now with more applicable arbitrage derivatives, the need for gold has diminished. This is the truth that you speak so much off, yet fail to accept. To hold emotions on a stock or equity is a sad event. Monetary excesses of M2, M3 can and due create a more stable market, just a splitting a stock makes a larger float. |
