Reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announce me announcement is the company said it could only muster 65 to 70 cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire complex reversed w
Stocks of the big industrials are right here, and theyre the reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announcement is the company said cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire