Cramer Quick Take: CAT Has Nowhere to Go But Up
NEW YORK (TheStreet) -- Sometimes a company can set the base so low there's nowhere left to go but up.Those were Jim Cramer's thoughts to Debra Borchardt at TheStreet.com Monday. He said if this was 2012, the markets would have pulverized shares of Caterpillar (CAT) after such disappointing results. In 2013, that's all changed.
Cramer explained that in today's market, investors are operating on the premise that the world is moving to a better place, and that means negatives can be ignored as investors focus on the promise of the positives."It's a very forgiving market," said Cramer, who admitted that even he would have a hard time building a short case for a stock that has fallen so low.
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-- Written by Scott Rutt in Washington.
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