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Title: This Is "Why" Caterpillar Is Trading At Two-Year Highs
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URL Source: http://www.zerohedge.com/news/2014- ... ing-two-year-highso-year-highs
Published: Apr 23, 2014
Author: Tyler Durden
Post Date: 2014-04-23 13:34:11 by Horse
Keywords: None
Views: 61
Comments: 3
Moments ago CAT stock touched 52 week highs, or a level not seen since April 2012. Why? The chart below which shows Caterpillar dealer retail sales by region surely has something to do with it. With global sales sliding again now that the third consecutive dead cat bounce is over, and dumping the most since February of 2013 or 12% from a year ago, when sales had in turned dropped 11% from 2012, driven by a collapse in Asian-Pacific, Latin American and EMEA sales, all of which crashed by more than 20%, we can only assume the company is well on its way to an epic collapse in its top and bottom lines as well.
And since this is nothing short of the bizarro, insane new normal, it is only a matter of time before the crash in retail sales sends the stock to plus infinity.
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