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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.