Caterpillar closed up $1.87 today at approximately $35 plus a share but still down $50 a share from their 52 week high of $85 plus. Anyone owning just 1000 shares at $85 would still have seen their net worth drop by $50,000.00 in less than 365 days.
At the same time Caterpillar announced higher than expected excavator sales in China attributed to China's stimulus plan which puts more money into infrastructure as opposed to Obama's plan to put more money into government and social programs. CEO Jim Owens announced concern over the protectionism attitude building in this administration and the Democrat congress. Much of the concern is the "buy American" in the stimulus package and is definitely a export trade stopper already showing up in high tariffs imposed on U.S. goods entering Mexico. Mexico's move was to offset our unions move to stop Mexican truck drivers operating in the U.S.
Caterpillar does about 65% overseas, higher than I thought if the report I'm reading is correct with less than 10% of this business in Asia. I'm guessing but I believe "overseas" includes Canada and Central America.