Why is Caterpillar stock price keep going up when sales has decline 30% in Asia. Supposedly, there is a real estate recovery according to mainstream media both in the United States and abroad.
The reality is that there is no real estate recovery at least not in the United States. All you have to do is go to Trulia.com and type in a city and you will see tons of houses in foreclosure. If there is a real estate boom in Asia, why are sales for heavy machinery to build homes and apartments going down for Caterpillar.
Smells, like manipulation of Caterpillar stock price to me. Looking at all the mainstream media websites I see no mention of the sales decline in Asia. Once again ZeroHedge.com comes to the table with the cold hard facts.
As it stands Caterpillar’s stock price is almost reaching it’s previous high, and if it doesn’t go higher it signals a double top.
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Tags: 30%, Asia, Caterpillar, Company, Fall, Global Demand, Reports, Sales, Weakest
