CAT beats after lowering guidance, but stock has pulled back $3 from highs. I'm sure some inventory/channel stuffing, yet reality is that the stock has moved down a lot. On the other hand AMZN has had very little pull back from its recent highs. I think AMZN 205 August puts are a good bet. Bought 10 on Monday and 10 more this morning. No way AMZN can make their number in this economy without outright lies. Even if they announce some mobile phone the P/E is so high I think we see $180's-$190's after earnings and then a decline lower over the next few weeks. People still praying and hoping for QE3 after shit GDP numbers or employment stats. Look tagthatstock has taught me to ignore the macro, but this time even the fundamentals SUCK. JMO