Motley Fool discovers downturn in heavy machinery stocks
The same site whose “Caps” program called Caterpillar a screaming buy at $46 in December now has a Fool surveying the carnage of January in heavy machinery stocks and concluding: 2010 is looking good.
Yes, Fools, the cat is now fully out of the bag. Global industry simply fell off a cliff sometime last fall, and the more plant closures and layoffs we see, the more this once-bagged cat resembles a rabid, ferocious lion
Actually the post does mention most of the regulars — Terex, CNH and company — and notes that Deere’s earnings later this month are the numbers to watch.