thanks for the link... I actually am retired; well I just started an online store... I'll be sure and post the URL as soon as my merchant VISA account is set up...
it's going to be a cool store, actually a "hot" store... You will know what I mean next week when I post the URL... Buy something from it.... I would be proud to have you as my first customer. Items are going to cost between $3.00 - $8.00
-Yesterday was very interesting in the financials as we did see a struggle over whether they would move higher or pull back. -Again we think they should bust through if the market really rallies, but be careful. -The online trading stocks like AMTD and SCH and NITE were doing exceptionally well until late in the day. -They too will go well if the market runs. -We got the nice news from the FED and that should spell good news for the financials and it does.
-BUT a lot of them have already moved to within a days trading of old highs, and this may mean that a pause is in order before they resume. --For instance AXP has been a great play for us over the past few months. Back in April they set a closing high of 138 twice but couldn't hold. Now they are at 137 and change! Will they break through and squeeze for a ton, or will they back off now and regroup? Tough one. --Same story with C who is just a bit away from an old high and ONE, and MEL, etc.. With a big push from the market the financials could definitely break through to new highs from here, but its very tough to say. -For instance if fund money shies away from financials in favor of tech or Internet, they could all pull back a bit.
-This time we have to let the street tell us. Watch the action tomorrow and maybe we will be in a better position to tell. -One that still looks especially attractive is PVN, they are moving very well. So the bottom line is that we will either see some really great breakout moves in financials, or they are going to weaken up a bit and regroup. -One thing that should help us is the online brokerages. If we get a nice rally going, the Street will realize that people are trading again and should buy up some AMTD, SCH, NITE, NDB, and SIEB.
... would it make sense for BUffet to buy privately held Fidelity Mutual Fund, I am unsure of what the Market cap of Privately held Fidelity?> However, there are 1)High Barriers to entry into the Mutual fund biz 2) Strong established franchise 3) MGt is in place 4) Obviously it is a biz buffet KNOWs and Understands 5) The Johnsons might want to cash out to Buffet? 6) Buffet as the owner would only strengthen the Company's Global Presence 7) Predtictable (100 +/- basis points on funds under mgt)and High growth business 8) I am not endorsing Buffet Manage the funds but, simply BUY the company or other Mutual FUnd. Why not
Sounds good to me. Fidelity would be ideal, however TROW Price or some other bunch of well managed funds might be worth pursuing. Wait for a nice long downturn in the market, where the brokerage stocks (including TROW) all get dragged down, and maybe it could happen. Does American Express offer any mutual funds or maybe they should be expanding into that market if possible?