When Caterpillar to cut up to 5K jobs

It is a decision by a giant infrastructure related players.  When economy is slow. QEs were used to boost activity and have interest near to zero level.  Governments can also boost economy via infrastructure spending. 

When Caterpillar cutting jobs.  You got to believe that they have enough analyst to understand 2016 is going to be at least a forseen slow down.  Less sales pipe with less governmental infrastructure spending ahead. 

We are calling a switch into more defensive strategy in the coming months.