Category Archives: finance

Market moving up

Good! (from finance.yahoo.com)

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If you wait for the robins spring will be over

So says Warren Buffet, explain why he’s buying US stocks in an opinion column in the New York Times. Billionaire investor Warren Buffett is buying U.S. stocks, he wrote in an opinion column in the New York Times. “A simple … Continue reading

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Dow last 4 1/4 days

Big big rally yesterday, like I’m telling you something you don’t already know! The market popped up at the open this morning but has given back all the gains for the morning.

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New stock market definitions

From the father-in-law… Subject: New Stock Market Definitions CEO: Chief Embezzlement Officer. CFO: Corporate Fraud Officer. BULL MARKET: A random market movement causing an investor to mistake himselffor a financial genius. BEAR MARKET: A 6-to-18 month period when the kids … Continue reading

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Cost of government bailout

The cost of the government bailout of the Wall Street and the US financial system is $2500/person according to libertarian Radney Balko. I agree with his conclusions as well. Wall Street firms took idiotic risks but they were pushed/incentized to … Continue reading

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Greenspan Says Housing Prices Not Yet Near Bottom

Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are “nowhere near the bottom” and the resulting market turmoil isn’t showing signs of abating. Read the article here. That said, REMEMBER this is the same idiot that called … Continue reading

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Oil continues downward stairstep

One hour bar Chart courtesy of Live Charts in the UK. Note that time is in GMT and date format in European. An $11 downward move in two days, can’t be bad for the economy and probably good for the … Continue reading

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Fannie and Freddie…

To big to fail? Megan McCardle describes a really big hangover regarding the government bailout of these Government Sponsored Entities (GSE’s).

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Buy one, get one free

House that is, with the usual caveat that price paid will be for the more expensive house. Here’s the deal… “Michael Crews Development is offering new, 2000-square foot cityscape row-homes worth $400,000 in Escondido for free — if you buy … Continue reading

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Connecticut governor vetoes minimum wage

Connecticut Governor Jodi Rell vetoed a minimum wage bill that would have raised the CT minium wage from $7.65/hr to $8/hr in 2009 and $8.25/hr in 2010. “Seeking an increase in the minimum wage is laudable, but it is a … Continue reading

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Soros sees bubble characteristics in oil prices

I’m not a big fan of Soros when it comes to politics and have no idea how his hedge funds have done in the last few years. That said, I found his comments in a recent inteview with the UK … Continue reading

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Berkshire holdings, 2008

Below are Berkshire holdings from the 2007 annual report. You can see the holdings reported in the 2006 annual report here.

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How’s Berkshire performed since the shareholder meeting

Not to well, with a 4% loss in the last two days alone (5/9 and 5/12) and an 8% loss since May 2nd. I’m sure Warren’s not bothered in the least, and I had no clue until I captured the … Continue reading

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“Now is the time to invest and get rich.” (1974)

A 1974 Forbes article profiling Warren Buffett, reprinted prior to this years shareholder meeting. His view of the market in 1974… How do you contemplate the current stock market, we asked Warren Buffett, the sage of Omaha, Neb. “Like an … Continue reading

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Forbes summarizes Berkshire shareholder meeting

The Forbes e-mail today contained a May 3rd article on the Berkshire annual meeting. Highlights as Robert Lezner of Forbes saw it; 1. There were more questions about the dams on Oregon’s Klamath River shutting off the salmon run for … Continue reading

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Energy shortsightedness

Investors Business Daily takes on Congress for declining oil production. The unintended consequence of the Congress members’ poor judgment and meddling micromanagement of U.S. energy policy is that they actually hurt most the very people they always profess to be … Continue reading

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Comparing Tech, Housing and Oil bubbles

At Infectious Greed, Paul Kedrosky points out (referencing bespoke.com premium service) that the oil bubble has outlasted the tech bubble in duration and also in price appreciation. I think the oil bubble may have more staying power because bringing on … Continue reading

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“You miss 100% of the shots you never take”

I’m not a big fan of the Motley fool, but good advice is good advice… “You miss 100% of the shots you never take”That’s but one of the many pearls of wisdom The Great One has dropped over the years. … Continue reading

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How high will oil go?

According to Michael Covell of Turtle Trader.com writing at his blog site: How high will it go? Any one who says they know is not exactly truthful. Why is it going up exactly? Ditto. For some strange reason I don’t … Continue reading

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Recession Buy indicator performance

Hmmm, I can’t duplicate the average returns Fosback has in his table. Don’t worry, if anything they are better. I’ll try and figure it out.

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