Short Caterpillar

Caterpillar (CAT) manufactures and sells construction and mining equipment. It has made a lot of money in the past 5-10 years due to the booming economy of China. It looks like its fortune is coming to an end, at least for now. More and more evidence is suggesting that China's economy is significantly slowing down, which is obviously hurting CAT's business tremendously. When I'm looking at CAT's chart, it is absolutely bearish, likely pointing to a sudden and sharp downward movement. Both fundamentally and technically, CAT is a good candidate for shorting. Now I just saw the CNBC report that the shorting master, Chanos, is also adding CAT as his newest shorting target. I guess this will add a lot of success probability for a profit to short CAT.

http://www.marketfolly.com/2013/07/jim-chanos-short-caterpillar-cat.html