Thoughts on Caterpillar

Cat could be working on a massive 4th wave right now.  It will almost certainly lose about 10% in the coming weeks but the question is, does it just keep plummeting from there.  This model is provided so that people don't get too bearish during the coming herd panic.  It is easy to get carried away.  I intended to continually look for reasons to go long without expecting to find them very often over the next several years.

When China's artificial real estate boom collapses it is going to land on CAT's back.