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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.

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Tom Mangan posted at 8:43 am February 5th, 2009 |

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