The more things change, the more they stay the same...like, for instance, have an idiot winger (yeah, redundant, but...), anyway, have an idiot winger in the White House, and the stock market WILL drop like a rock:
NEW YORK (Reuters) -Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent U.S. stocks tumbling by the most in more than two months on Friday, in a drop that was made more unnerving as it marked the 20th anniversary of the 1987 market crash.
The Dow fell nearly 367 points after Caterpillar (CAT.N), the world's top maker of earth-moving construction and mining equipment, said the U.S. economy will be "near to, or even in, recession" next year. Several industries it serves already are in recession, it said.
The bleak comments from the economic bellwether, whose stock fell 5.3 percent, helped drag down the shares of other big manufacturers, including 3M Co. (MMM.N), and contributed to a shift from stocks to the relative safety of U.S. Treasuries.
Pathetic--they can't even do business successfully.
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