DOW up almost 200

[thundley4]

Wow, and the new congress hasn't even been seated.  Could this be due to talk of Obama being willing to consider extending all of President Bush's Tax Cuts?

[Wretched Excess]

Wow, and the new congress hasn't even been seated.  Could this be due to talk of Obama being willing to consider extending all of President Bush's Tax Cuts?

it's because the adults have returned to washington.

[Celtic Rose]

I bought my first non-401K stocks a few weeks ago, and so far my timing has been excellent.  I bought Google the day before it jumped 10% a few weeks ago, and my stocks have been loving the past couple days  ;D

Today has been quite nice  8)

[Allentownjake]

POMO and QE2

It went down again.  The congress is the least of the markets trouble right now with Bernake thinking he has to stimulate the economy by monetizing the debt.

[JohnnyReb]

Caterpillar just announced they're buying Bucyrus for 8/9 billion. Say they're going to pay 30% over last Fridays closing price for shares.

....and I don't own a single share.....

[Allentownjake]

Well that explains why the DOW is up and the NASDAQ and S&P are down right now.

Caterpillar isn't a bad bet.

If QE 2 creates the margin squeeze many expect, CAT would probably not be as effected as other industries.

[JohnnyReb]

Well that explains why the DOW is up and the NASDAQ and S&P are down right now.

Caterpillar isn't a bad bet.

If QE 2 creates the margin squeeze many expect, CAT would probably not be as effected as other industries.

I just saw the headline again...purchase price is 7.6 billion.

CAT is looking at a booming mining business expansion in China, India and Brazil. While equipment sales have lagged the last couple of years companies are now having to replace worn out equipment plus expansions.

TEREX and some of the lesser known "large" mining equipment companies might not be a bad investment right now.

[Allentownjake]

I just saw the headline again...purchase price is 7.6 billion.

CAT is looking at a booming mining business expansion in China, India and Brazil. While equipment sales have lagged the last couple of years companies are now having to replace worn out equipment plus expansions.

TEREX and some of the lesser known "large" mining equipment companies might not be a bad investment right now.

In an environment where central banks are printing money to cover-up bank losses and try to play a bullshit game of beggar thy neighbor the commodity extraction business is not a bad business to be in.

Unlike consumer goods, a company that makes mining equipment can push along increased margins to their consumers even in an environment of high unemployment.