Diamonds and Dogs


Today's dog is a cat, Caterpillar (CAT) that is. Caterpillar dug its' own hole today after lower guidance for the year. On the bright side you can use their equipment to dig yourself a hole to stand in while you watch the stock plummet over 6% to a new 52 week low. One analyst lowered his price target down to $28 a share or 56% lower than where the stock closed. Besides lowering guidance, the company is cutting 10,000 jobs to reduce costs. This caterpillar needs to turn into a butterfly real quick.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.