July 20 (Bloomberg) -- Caterpillar Inc., the world's largest maker of earthmoving machines, said second-quarter profit fell 21 percent because of the weak U.S. housing market and falling demand for truck engines.
CAT was a DOW darling and a bellwhather for the state of the eocnomy. The implications could be far reaching. YM lost key support areas at 14022/24 and 14012.
Side note: CAT and GOOG were stocks that Cramer heavily pushed to retail investors even at the lofty levels we saw the past few weeks. Now he's backing off, but one certainly hopes investors were not paying attention to his "buy at the top" rants.
CAT was a DOW darling and a bellwhather for the state of the eocnomy. The implications could be far reaching. YM lost key support areas at 14022/24 and 14012.
Side note: CAT and GOOG were stocks that Cramer heavily pushed to retail investors even at the lofty levels we saw the past few weeks. Now he's backing off, but one certainly hopes investors were not paying attention to his "buy at the top" rants.
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