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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (4606)	7/17/2001 11:46:06 AM
From: BWAC	Read Replies (1) \| Respond to of 5499

Ok so IF the economy is going to hell as the tech news and tech analysts would indicate why then is: CAT going gangbusters today? Bad economy isn't constructive to heavy equipment? Or did I miss an economic principle somewhere? Fine company, fine products, very investable, but why now? Why at this price, pe, and economic sentiment? Why not when CAT was $32, 20 points or 70% ago? And Paper stocks too? Whats with that? I can just picture somebody bailing out on oh say INTC and into CAT on the advice of their broker, only to find 6 months down the road that INTC had doubled and CAT had lost 10 percent.