Caterpillar (NYSE: CAT) stock is too good to pass up

There are two technical directives battling for the fortunes of Caterpillar (NYSE: CAT) right now. The first says to never try to catch a falling knife. The other, which traces back to 19th-century banker Baron Nathan Rothschild, says to buy when there's blood in the streets.
But when we toss a few more conditions into the mix, namely major support, terrible sentiment and a beefy dividend yield, the battle goes to the baron.
This blue-chip stock has likely seen the worst of its bear market and will pay us to hold it while we wait for better times that should be coming.
Shares of the heavy equipment maker certainly fell hard over the past six months from a perch above $111 to their current price at $80. That nearly 30% decline qualifies as a full-fledged bear market.  (more)

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