Never worried about higher rates. It is all BS. How is the FED going to raise rates with 19 billion in Treasuries? Gov't is probably scheming on how to raid everyone's bank accounts right about now.
As crazy as that sounds you might be right. Check out fxi. Transports sucking real bad tho. Vix over 19. Cashed out jnj and utilities. Jnj x-div tomorrow. Just going to buy brk all the way down and let web and his buds figure it all out. Wmt jnj and pg were only ones in dow up earlier. Charts look horrible and only 30% over 200 day moving avg now. 15 to 20 times earnings with zero interest rates seems reasonable, low interest rates create too much capacity from too much capital. Bubble pop time.
Bullish case is the Dow was at like 100 in the 1920s and it is at 17,000 now. Bullish case is that politicians are crooks and print money and make everything more expensive. National debt is going to zippiddy do da right past 20 trillion soon and that does not include unfounded liabilities. Seems like a bull case to me unless you think fewer people will want to eat and fly and new railroads are popping up like whack-a-moles.
Hear u jad. KHC will add 4 bucks and earnings of about 4 bucks would put BV at 108. Subtract out holdings losses which are about 5 billion this quarter so far and BV is back to 105.50. 1.3 x book hasn't been an awfully terrible time to buy in the past.
147 in investments, 4.5 bil manufacturing, 4 bil trains, 2 bil power and 1 bil finance + 1.6 bil PCP + undistributed earnings = about where it is now. Add 40 bil cash and it could go 10% higher.
Might be a self fulfilling prophecy with all the black cat and ladder avoiding Elmer Fudds hunting the end of the world on Wall Street.
Conceptually, selling was at odds with the reason for owning Berkshire -- which was to let Buffett manage the money, rather than to make such calls oneself.
But if you think you are smarter than a six sigma (lol) -- have at it.
Maybe he has done the simple math in his head that he would be better off or about the same if he never sold some of the stocks he bought that fit a certain criteria. The criteria for commodity stocks would be different than brand stocks which I don't really remember him selling a big lot of before PG this year for Duracell.
No free rides. Management or anyone else should not get stock options. It creates moral hazard because management will do stupid things to try to make a stock go up so they can cash out. Very very stupid.
Why isnt David Stockman filthy rich? He seems to be calling the tops in markets at all levels.
GSK got a nice pop from PFE rumors. AZN is run by a Frenchy who would rather kill the company than sell it and lose his job imho. GSK might pan out. We'll find out in the next chapter. Funny how PFE would be getting a consumer division back if it bought Out GSK. Give JNJ another call?