21 months of global sales declines....stock at all time highs. doesnt take a "rich" to figure out the price per share is not about fundamentals.
This looks like we are heading to $84 and if that cannot, almost all metals are falling and no demand in mining sector ..CAT may fall to $50's in the long term.
Sentiment: Strong Sell
Experts and their advice should always be under scrutiny. But i assume you just go with the "Iraq has wmds" philosophy and believe all leaders should be followed like the good muppets we all are
Does anyone wonder why I don't engage with this knucklehead? I sure don't need this harassment. Later.
to reiterate rich's sentiment on 7/3/2014 price $111...."But history has a way of repeating itself"......cat_2_75 and tooth took the stance that rich has called the top. Still true and getting better each day!.....cmon rich, we need more insights...when can we get short more CAT?
"whats the alternative".....exactly. this is the tell tale sign of the status quo.
How about this rich....we do all the money printing and buying of assets on central bank balance sheets....fine lets concede thats all you can do. Could we then possibly:
1. reinstate glass steagall?
2. Require commodities trade with no margin...people need food and gas and gambling on such things should be with money you bring to the table (borrow at your own risk, no more handouts from brokerages)
3. reform, eliminate,....ok just admit ratings agencies are worthless and whatever they put a stamp on should be ignored
4. stop mortgage backed securities...bank makes loan, bank 100% on hook
no? thats too much to handle with this fragile economy?....ok fine
how about this.....Bernanke comes on this board, posts "well when you make money free and print more....if you dont have assets you are #$%$ kd".......ill settle for that. because its the truth.
can i subscribe to your newsletter? better advice than years of listening to rich complain that unions are making his options worth less.....vs policies of the uber elite destroying the middle class globally.
definately right place right time. fast foward rich to be born 10, 20, 30 years later than he was.....same opportunity definately wouldve been different, all environmentally driven. Just like if i was born 10 years earlier I wouldnt be in this field or 10 years later I would be making 40% less. Its about 50% skill and 50% timing. Good luck believing otherwise.
buy at $109 - 3/21/2012.....$160-240 by 7/28/14 - 7/28/15. "tribune" says inflation is sub 2%. all richisms......better than going to a vegas comedy show.
Will do. My long term view remains the same. The world needs what CAT builds. Central bank policies come and go. People's needs remain the same. Infrastructure, airports, hospitals, clean water, sanitation ... We've avoided a huge global depression by the actions of the Fed, ECB, etc. Not sure why anybody would attack those policies. What was the alternative? But that's the dominant theme here now, "Stick it to the man" If fundamentals don't matter what's the point of posting on a message board. It takes two to engage in a knife fight. Otherwise he's just tilting at windmills. I decline to be associated with it. So be it.
Hey rich , great to hear from you . I think most of us agree with what your saying , and certainly not justified .You have earned everything you have ,you worked for it ,and enjoy it .
I hope you will take time later on and give us more of your wisdom ,I've appreciated everything you have contributed on this board . Thanks for being here .Please keep in touch .
Alive and well. There just is no reason to post anything here. My message board is loaded with Ignore notifications as one poor soul seems to believe this is his forum to dominate (10 of the last 20 posts from one guy). I decided to let him have it. Obviously he has a vendetta against successful, wealthy people in general and me in particular. I've decided it's better to walk away than to be part of it. I have lots of better things to do. WMiller is spot on. McKay's refreshing but he'll soon become tired of it as well. Thanks for your concern, but I'm fine. Later.
I love IPO days. cnbc gets excited that sheep who left in 2008 might get excited to get back in. cmon facebook guys....sure you will lose 1/2 your money the first year, but a couple QEs later your in the money 2 fold!!!.....the waters warm....next up the worlds largest counterfeit drop shipping retailer....ready to get rich by unloaded all risk onto you!!!!! bullish x 100!!!!!!!!!!
political propaganda at its best. what's best for democracy and peoples rights to not live under a central planned society is.....to give up more rights and remain in a central planned society where billionaires and kings spend foolishly and serfs bail them out under charm of shiny objects and promises that bad behavior is something "we could never have seen coming" and "will never happen again"...and someday you serfs too will be wildly rich beyond even our billionaire status dreams! bullish stocks!!!! bullish printing!!!! bullish globalization!!!!!! bullish cat?