One 1/4 point raise by the FED to scare the market, create capital gains tax for gov't and make banks happy and then that is it for a while. China may have the kibbosh on rate hike for a while.
140.50 today. I will need to stay on my toes for the next smack down to 136.04 or below. Glty. Been a tough week. +jnj today. X date next fri. Talking about being in high 96s after getting the divy on that lot.
Added a few shares this morning under 141. At least I won't do anything stupid with that money. Figure brk-b book about 110 in a year so 132 will be the 120%. Just dont see where all the money is going to go.
It does feel like the end of the business cycle but more people are flying and to do that you need a plane or jet. PCP is the IBM of precision industrial metals. What is not to like?
Better credit rating than US government. Consumer staples and Obamacare money flowing into JNJ. Sell so I can buy lower. 16x with these interest rates is very nice. Gonna get my divy soon.
BRK gets 600 mil if someone else buys it out. Not bad for a days work. Look at SYY. They have to pay if the deal doesn't get done. That is the difference when you have WEB on your side. We get the $$$. As it should be.
He said stocks will be significantly higher. I read that to mean currency will be significantly lower. The dollar may be higher compared to other currencies but it is still being inflated which means it is worth less. The cost to get black gold out of the ground is still pretty high. After the wreckage the capacity will be cut and prices will go back up. Why rush in until the corpses are buried?
Don't tell them about ibm, tesco or cop. They just figure if warren wants it it must be worth more. That could be fatal investment thinking.
Lol. It is simple math. If you are fat eat less or burn more calories. I would rather be fat than stupid and pay too much for self-regulated overpriced "organic" food at whole foods market. Guess what percentage of that organic food meets organic standards, Einstein.
Maybe you should watch CNBC. WEB stated the obvious this morning. If you eat more calories than you burn you get fat. Elementary, my dear Watson. Of course if you are lazy and fat and stupid you can blame the food companies. Unfortunately, that is like blaming god for day or night.
Buffett got creamed on COP, Tesco and bonds in just the last couple years. He makes mistakes just like everyone else and buying this at the top of the business cycle may be his biggest one yet. Only time will tell. HXL would have been better for the next 10 years imho.