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Thursday, January 26, 2012

some notes... CAT, AAPL, data

1. CAT produced some good numbers. Very interesting to me was their projection of 3.3% global GDP for 2012. That should translate to around a $105 SP500 eps.

2. I was thinking about selling the aapl common, and just wait for an opportunity to re-enter, but I noticed something that stopped me. The data feed to the trailing PE is wrong on Wolphram and Yahoo Finance, which means the many funds that rely on automated computer models have incorrect data. The real trailing PE is in the high 12s. That's just too low.

3. Good Durable goods number and okay jobless number.

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