Value Trap Trades

 

Hedgeye CEO Keith McCullough appeared on CNBC's Fast Money this evening to discuss everything from Bernanke's view of the Fiscal Cliff to market performance to the Autonomy scandal at Hewlett-Packard (HP). 

 

One topic the Fast Money traders discussed were  stocks that were value traps. Keith honed in on Caterpillar (CAT), noting that valuation is NOT a catalyst and that investors need to realize that earnings are slowing.

 

Watch the above video for Keith's appearance on CNBC.