Fall on the DOW was bought about by the management of...

Fall on the DOW was bought about by the management of Caterpillar seeking to excuse their poor performance in the midst of a worldwide boom in the heavy equipment sector bought about by the mining boom. They took advantage of a nervous day in the US to try to crash the market to make Caterpillars fall post profit ann/forecast look less bad.

The market has brushed off much worse news than this over the past month - it just happened to be October 19th!

I agree there may be weakness like there always is after a stellar run like the past month. I just don't see a 10% drop and predict the levels we have now will be about where the year finishes (ie few gains between now and the end of the year - only two months anyway!).

I'm not selling - may buy some blues if there is a fire sale.