Heavy Machinery. CAT DE CSE DDC CUM Message Board

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Non-Tech : Heavy Machinery. CAT DE CSE DDC CUM

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To: Stormweaver who wrote (65)	4/15/1999 1:45:00 PM
From: Paul Berliner	Read Replies (2) of 190

This rally in the heavy equip., mfg. & the like has been very impressive, but the stocks will falter unless earnings ascend in tandem. Sure, Agco & New Holland deserve a pop - they were trading below book, but the rally in CAT, and commodity companies like Phelps Dodge and Georgia Pacific is absolute nonsense. GP has gone up 20 points in 10 sessions - ridiculous. This rally can't last. GP was already overpriced and will tumble.... CSE and CUM may hold but the more popular ones are now overpriced and I'd sit out this insanity. You'd think that DE launched a brokerage at johndeere.com. The craftier traders will go long AG and other companies that have not participated fully in this rally, like JLG and maybe some chemical cos - maybe TRA.

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