Devastating news from Cummins incoming CEO !
Not my words directly from the horses mouth...
Will you trust crook Goldman or will you trust the CEO of CUMMINS ?
New CEO doesn't take over until January.......Look at the channel checks on CAT and you will see things are fine. Just wait until the businesses in CONUS finally realize that obummercare and Potus are going to change in November 2012. When the US market and road construction get back on track CAT will really take off......
They blocked the story it was there this am
basically cummins ceo warns on recession in us and europe and falling demand.
i'm sure others saw it
confirmed by empire state fed survey this morning..
will you be snookered by goldman ?
Googled the headline, found the article, and yes Cummins CEO is warning that EU appears to be in recession already, and US will follow if not in recession already.
Recent US economic numbers appear stronger than expected, but Empire State Fed survey does portend continued weakness in the northeast US. Still, mid-west manufacturing base is growing, and energy development projects in west are helping spur job creation.
But, if the EU fails to come up with a viable plan to backstop debt contagion by Nov 4, world markets will lose confidence once again and all markets will head down to test the recent lows. Fear will once again take control, and no one knows where the bottom will be this time.
jmho and glta
THE LINK TO THE STORY UNDER CUMMINS IS STILL WORKING
LOOK AT CUMMINS STOCK PRICE..
WHAT DOES THIS TELL YOU ABOUT GOLDMAN CALL THEY WANT TO BUY OR THEY WANT **YOU** TO BUY ?
As usual people post something that has nothing to do with what comes up.
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and then something entirely different comes up.
If you have something to say of any value .. if you are not capable of telling us what the gist of it is.. you arent smart enough to be posting about CAT in the first place. Tell us what your point is, .... if you have one.
Fly, why would somebody post or write an article that everyone has known for 2 years? Nobody who knows anything isn't looking for any business out of Europe. I've told the dumb a..s this for 2 years.