Last Friday, Buffet released his annual letter to shareholders of Berkshire Hathaway. This morning, he was on CNBC’s Squawk Box for 3 hours (6am-9am EST) answering viewers questions and talking investing. The quote that seems to be getting the most…
Financials are dragging the market down again this morning and I think it has to do with a story in this morning’s Wall Street Journal which is the most highly read on WSJ.com: “Wall Street Gears for Its New Pain:…
AIG’s (AIG) fourth quarter earnings report after the close yesterday, in which they announced $11 billion in writedowns on exposure to credit default swaps it wrote and $2.6 billion in writedowns on mortgage backed securities it holds, brought back some…
While everybody has been focused on the stock market holding the lows from Jan 22-23, less noticed has been the fact that long term treasuries are holding their highs from the same period (30 Year T Bond Chart). As you…
Is the Federal Reserve an independent monetary authority or a handmaiden beholden to political and market players? Has it reverted to its mistaken behavior in the 1970s? Recent actions and public commitments, including Fed Chairman Ben Bernanke’s testimony to Congress…
“The Fed is triaging the whole economic problem that we have, and right now it seems like economic growth is a priority.” – Carl Forcheski (subscription required), VP Foreign Exchange, Societe Generale Yesterday, Fed Vice Chairman Donald Kohn suggested further…
Inflation is poised to become a serious threat to the world’s economic well being – and not enough people are talking about it. While Wall Street whines and whines about how the Fed is behind the curve, they need to…
I wrote about Walmart (WMT) positively last Tuesday and an interesting way to play the stock, and yesterday Dan Gross put up an article on Slate that makes the same point: a tough economy is Walmart’s sweet spot. He gives…
It’s been a nice three day rally since rumors from bond insurer land helped the indexes surge in the last hour last Friday. S&P took MBIA (MBI) off CreditWatch on Monday and reaffirmed Ambac’s (ABK) AAA rating. Yesterday’s announcement by IBM of…
Google (GOOG) is down big again today on data from comScore saying that paid click growth in January was flat compared to last year. The selloff is way overdone at this point and the stock will bounce. Consider: At its low point…