Caterpillar (CAT) couldn’t be a more different business than those contained in the Internet Holders Trust (HHH). That’s why I thought it odd when I pulled up the CAT chart and it looked like the HHH from 1999.
Here’s the current CAT chart –
Here’s the chart of the HHH from 1999 to 2000 –
The really weird thing is that the time periods for the two charts are exactly the same – Sep 6th to Apr 6th. Freaky!
Everyone know what happened to the HHH –
Could we be in an "under-the-radar screen" bubble in cyclical stocks? CAT’s performance has been driven by increased mining and construction. If that slows dramatically with a weaker economy, you could definitely see a big down move in the super-cyclicals such as CAT – remember the stock came up from the $30s just two years ago. Its a relationship worth keeping half an eye on.