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For The First Time In Four Years Caterpillar Posts Negative Retail Sales Across The Board
All "recovery watchers" are urged to look somewhere else than the just released monthly Caterpillar dealer retail sales. Because while in September there was some hope that North American industrial demand may finally be picking up when retail sales on the continent posted the first two month sequential increase since 2012 even as the rest of the world was stuck deep in negative territory, that hope too was just been dashed with October North American retail sales posting the first decline of -2% since July. And unfortunately while North American sales just rejected any glimmer of a localized recovery, the rest of the world just keeps getting worse and worse, with negative sales prints across the board for every region - the first time this has happened since February 2010. The only difference is that then the trend was higher. Now, well, it isn't.
As for the rest of the CAT story: we have covered it more than enough in the past - find more here, here, here and here. And then there is, of course, Jim Chanos.
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Fuck you Yellen!
I think it's OK to start panicking now.
algos don't surf!
See? I told you guys they should bury Detroit and help CAT out... But nooooooo....
pppfff... I hear ya bro... but they never listen...
it's just like that deathstar project that got cancelled....
if they started with it we would have cool twinkling lights in the nightsky for free...
BUT NO!!!! THAT WAS TO EXPENSIVE!!!
greedy ass bastards...
I think we are going to need a bigger boat....
Hugh Hendry: "I would recommend you panic."
http://www.zerohedge.com/article/hugh-hendry-i-would-recommend-you-panic
It's gonna be the best Christmas Holiday Shopping Season EVER!
Proof positive.
Joe the Plumber is holding off on his new Cat D-90 to buy iShit for his foodstamp family
Booyah!
I read that in his FBI file......how did you know?
check the craigs lists nearest the cat plants. There are skads of 4x4's, shotguns, quad runners and boats to be had.
it's gonna be a "gently used" Xmas here.
Leading Indicator, Bitchez!!
Why would anyone buy dozers and excavators to dig up gold if money can just be printed?
Note to China : BUILD . MOAR . GHOST . CITIES
Knock them down and rebuild them. It's plenty of busy-work that way.
Gotta luv the conundrum. "Must build more to keep the economy from stalling. Must keep prices high on current inventory at the same time."
I tried jumping up in the air and staying there a few times. I couldn't get it to work.
Yes, but their expectation was even worse, so they have "beat expectations", rally on!
Charts can only go up. This chart has not been drawn correctly.
uh, you need to turn your monitor upside down - didn't anybody explain that to you?
Fundamentals?
Uh what are they useful for in the stock 'market'?
Well, the FED is a fundamental en so is Obama...
so if the fundamentals speak and help out their special friends who donated appropriatly...
the market goes up.
THat's all there is to know about economics, the stock market... da shit.
This is the sign we were looking for to confirm the recovery is in full gear!
Global economy recovery winning!
If catepillar started printing it's own money along with other market makers. Might see a main street wealth effect.
LOOK!!!!! Kim Kardashian has blond hair!!!
Kim is sooooo 2012... Look! Miley Cyrus has clothes on!
Miley Cyrus has clothes on!
Well.....that was fast.
http://theblemish.com/photos/miley-cyrus-topless-terry-richardson/miley-cyrus-terry-richardson-01-2/
You sure that isn't Bieber?
That's because the smart money knows Musk is about to bang out some sweet electric/solar panel/hybrid earth moving equipment that puts Cat to shame.
Delicate solar panels and heavy equipment don't mix well, not even Barry's butt buddy with the burning cars is that dumb. As to power- diesel, hydraulics, electric- makes no difference the industry is already there. But running the powertrain of an earthmover with battery power doesn't make sense on any scale larger than a child's toy.
Slam PM's = no mines. Slam coal = no mines. No mines = no Cats. Cats have nine lives, unless Obama stands on a shipping crate in the middle of your production line and states, "This is what "Merica is all about!"
Canute is fukn everything up at a faster pace. C'mon 2014 elections, c'mon.
U gots ensurince, bro?
Sheep-
No gots BroCare. All I dun wuz stop keg-standin and fukn my hoslut. Don't need no ensurice now.
who cares about sales ... are they buying back shares? if so how much?
Perfect fodder for ObaMao to give a speech on and take credit for! FORWARD!
C'mon who better than Cat.. to dig a hole and fill it back up.
BUT BUT BUT....
WAREN SAID THAT IF YOU BUY GOLD, YOU NEED TO DIG A HOLE TO PUT IT BACK INTO THE GROUND!!!!
THOSE CHINESE ARE BUYING GOLD LIKE CRAZY!!!
HOLY KOMAZU!!!
Never fear. Once those hollow points start flying business will pick up.
I recently met a mid to late 40 year old "sales"man for CAT. I tried to converse with him about CAT loaders (I worked road construction in the summers during college). and he had ZERO clue about them. His previous work was a real estate agent and stock broker. He had never worked in construction but he was trying to learn the product. Hence....no wonder CAT sales are down.
More shit news - markets still holding.
HEY YELLEN - PRINT MOAR CASH YOU ROTTEN FUCKING CUNT!!!!!!!!
Very compelling chart.
The CAT board of directors have voted unanimously to support the attack of a ME country. Backlog orders are down, a new global manufacturing centre resembles the Boeing offer. CAT always pulls thru after you blow shit up.
Stuff like this makes it so obvious the inducies are in a speculative bubble. You have only the marque names and inducies themselves moving. Everything else is going into the shitter along with the economy. If a company is in the backwaters, it is getting its face stomped in mercilessly. there are awesomely working shorts if you avoid what "the Rock is cooking".
They advertise watches and clothes doen here in Colombia..the equipment is still sitting on the yard....not much turnover for over a year that I can see...and they have competition down here with Chinese Brands and Volvo bigtime...
Negative sales? Does that mean people are returning what they bought for a refund?
"with negative sales prints across the board for every region - the first time this has happened since February 2010."
The real FED wealth effect.
Cash for clunker bulldozers!
Meanwhile, good old (more domestic) John Deere (DE) is lookin' up:
http://finance.yahoo.com/q?s=de&ql=1
CATs business model is very closely tied to the resource base, now isn't it? It's business is strongly tied to real physical inputs and outputs, as their gear moves a lot of physical quantities of resources like rock and dirt and ore, timber, etc and the list is very long.
So what is this telling you? The same thing I've been telling you for a long time.
-- Mike
Is it possible that Cat's assistance in the demolition of Palestinian homes had something to do with it?