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Cat Stock Blog

Caterpillar Inc. (NYSE:CAT) stock news and links


Today’s close: Down 1.82 percent

Like we needed proof a bear market is a bull going backward: Caterpillar set a fresh 52-week low out of the gate Monday morning, but rebounded a bit on news that the manufacturing sector’s performance in January was a bit less skunklike than it was in December. Full quote at Yahoo Finance.

The indexes were mixed: Dow, down 0.80%; Nasdaq, up 1.22%; S&P 500, down 0.08%. Wrap-up at Market Watch.

Cat’s volume at 16.7 million shares remains about 30 percent above average, which is not encouraging on a down day. Buyers keep dipping their toes in the water at $30 a share; I think it’ll be up to the rest of the market to give them enough confidence to dive back in.

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Tom Mangan posted at 1:20 pm February 2nd, 2009 |

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