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Caterpillar Inc. Message Board

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  • vwdiesel10 vwdiesel10 Jun 14, 2012 5:19 PM Flag

    Discussion of CAT fundamentals

    Today's move on the indexes is a bit suspect as well. With the exception of JNJ and a few others, the volume was not very convincing of the jump. Got a few analysts this afternoon on CNBC and elsewhere saying that it makes the most sense to be "fully invested" going into this weekend despite what most people have been doing as of late, which is moving to mostly cash. Looks like some people need a bit higher price to unload at breakeven, or have made their gain and are looking to leave the bag in someone's hands.

    In other news, Vanguard is closing their high-yield corporate bond fund to new investors because they can't keep pace with the huge influx of capital coming in. $2 billion was added in the last 6 months. This follows on the heels of T. Rowe Price closing two junk bond funds at the end of April, and on top of $14.7 billion being added to junk bond funds in the firs quarter, as per Morningstar. People are yield hungry going forward-- they need cash and security. Looks like the only stock market rally that is sustainable is this one, because there could be little end to the amount of cash from baby boomers, mutual funds, etc. etc. that will move into the sectors.

    Who knows.. Maybe it's all just a dream.

79.38-0.63(-0.79%)Jul 22 4:00 PMEDT