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So, it's a recovery but Caterpillar has something like 30 straight quarters of decline and resource companies are getting obliterated. So apparently this is a magical recovery that does not need resources to build things. k then.
In all seriousness, there is an underlying weakness in some sectors that I find quite concerning. I do think this period ends badly - it's not a matter of if but when.
On an interesting note, CEO of ETE (which I own) just bought another million shares.
Since last Fall: Jul 8, 2015 WARREN KELCY L Director 375,600 Indirect Purchase at $62.95 per share. 23,644,020 Jul 7, 2015 WARREN KELCY L Director 624,400 Indirect Purchase at $62.63 - $63.94 per share. 39,515,0002 Jan 14, 2015 WARREN KELCY L Director 400,000 Indirect Purchase at $48 per share. 19,200,000 Oct 14, 2014 WARREN KELCY L Director 200,000 Indirect Purchase at $47.91 - $50.61 per share. 9,852,0002 Oct 13, 2014 WARREN KELCY L Director 352,662 Indirect Purchase at $47.13 - $50.93 per share. 17,291,0002 Oct 10, 2014 WARREN KELCY L Director 323,669 Indirect Purchase at $51.81 - $54.38 per share. 17,185,0002 Oct 9, 2014 WARREN KELCY L Director 323,669 Indirect Purchase at $53.21 - $54.29 per share. 17,397,0002 Sep 17, 2014 WARREN KELCY L Beneficial Owner (10% or more) 33,000 Indirect Purchase at $60.41 per share. 1,993,530
Comments
In all seriousness, there is an underlying weakness in some sectors that I find quite concerning. I do think this period ends badly - it's not a matter of if but when.
On an interesting note, CEO of ETE (which I own) just bought another million shares.
Since last Fall:
Jul 8, 2015 WARREN KELCY L
Director
375,600 Indirect Purchase at $62.95 per share. 23,644,020
Jul 7, 2015 WARREN KELCY L
Director
624,400 Indirect Purchase at $62.63 - $63.94 per share. 39,515,0002
Jan 14, 2015 WARREN KELCY L
Director
400,000 Indirect Purchase at $48 per share. 19,200,000
Oct 14, 2014 WARREN KELCY L
Director
200,000 Indirect Purchase at $47.91 - $50.61 per share. 9,852,0002
Oct 13, 2014 WARREN KELCY L
Director
352,662 Indirect Purchase at $47.13 - $50.93 per share. 17,291,0002
Oct 10, 2014 WARREN KELCY L
Director
323,669 Indirect Purchase at $51.81 - $54.38 per share. 17,185,0002
Oct 9, 2014 WARREN KELCY L
Director
323,669 Indirect Purchase at $53.21 - $54.29 per share. 17,397,0002
Sep 17, 2014 WARREN KELCY L
Beneficial Owner (10% or more)
33,000 Indirect Purchase at $60.41 per share. 1,993,530