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I think that's already been priced on on the anticipation he would.
Warren Buffett to your rescue..............
I think that's already been priced on on the anticipation he would.
"I can time the market better than anyone else"
Famous last words.
Gold falls $200 from Tuesday's record high
Odds are this is just some "froth" blowing off. I don't see it really falling to its historical price just yet.
Looks like the recent run up was in response to a potential QE3 by the Fed that looks like it didn't/won't materialize.
Over the longer run, I do see it falling a good chunk though. Best guess is within about 5 years.
Hopefully you will get your money out in time. Don't wait too long.
Hmmmm. I don't see how that helps the average stockholder. Looks like Berkshire was looking for a place to grab a 6% guaranteed return (damn hard to do in this market) with senior security (preferred shares) when and if the hits the fan.The news sent Bank of America [BAC 8.0218 1.0318 (+14.76%) ] shares sharply higher, and also pushed up U.S. stocks.
Berkshire Hathaway [BRK.A 106285.00 -65.00 (-0.06%) ] said Bank of America would sell it 50,000 preferred shares at $100,000 a piece. The preferred stock has a dividend of 6 percent and is redeemable at a 5 percent premium.
I'd get the out of BOA stock on the jump if I were you. They are still really vulnerable.
BAC is up 17% since the open today, as of now.Get out of that, scrah. You are going to lose a lot of money. BAC has mightily sucked since they acquired ML, and at least that's just off the top of my head. Ya they're down by higher percentage points because BAC's stock valuation is low compared to JPM, WFC and C. And I mean very low. Their market cap is half of what it was a couple of months ago.
Did you see their 2Q earning release?
http://finance.yahoo.com/q?s=BAC
I still think they have a lot of losses sitting around on their books that they aren't going to want to own up to.
That certainly appears to be the case. I was just expecting a bigger hit given the perception that Steve Jobs IS Apple. I guess the people fostering that perception don't own the stock.
I think it helps the average stockholder in terms of stability for the common stock, but you're right that the interest and premiums for Buffett's shares will diminish returns for the common stock.
No . Buffet even looks at a stock it jumps.
http://www.marke ch.com/story/ban...5?siteid=yhoof
He's got him some preferred stock.NEW YORK (Marke ch) — Warren Buffett on Thursday tossed a $5-billion lifeline to beleaguered Bank of America Corp. that sent the stock charging higher and, of course, padded his own wallet in the process.
Following the announcement, shares of Bank of America /quotes/zigman/190927/quotes/nls/bac BAC +13.66% scored solid gains for their second straight day — a reversal following weeks of steep losses in the wake of the European sovereign debt crisis and rising jitters about a double-dip recession.
Shares of Bank of America rose 17.7% but are still down almost 40% since the beginning of the year. Investors have fled the stock amid concerns that the bank might need to raise capital as it works to heal itself from the bruising mortgage-loan debacle.
Not exactly something I would want to rush out and buy common stock for.
Keep in mind that if BOA goes s up, he is going to get his money before any of the hoi polloi with common stock, although this does bode well for BOA's ability to raise capital. Getting some buy-in by Buffet is never a bad thing in that regard. Might not change the underlying fundamentals, but it sure as changes the perception. Ironically changing the perception might end up changing the underlying fundamentals, if the discounted cash makes a difference.
One expert I heard speaking on the topic said gold would fall fast and hard when stocks were at optimum buying points.
Could this be his prediction starting to come true I wonder?
How about tomorrow?
8 BN loss on a plateau where financial firms are starting to recover? Not a good sign of a healthy company. And now there are rumors of a merger with JPM, although they denied it already.
http://www.bloomberg.com/news/2011-0...baseless-.html
Gold is supposed to be the ultimate hedge against INflation, but if we face a prolonged period of no inflation or even DEflation, I wonder.
I believe it represents a flight to safety, as a lot of money is sitting around looking for something to do.
If that something to do is invest in stocks, we will see.
Gold was a pure "fear" play then got to a "greed" play when people saw it skyrocket up. That is not a recipe for sustained prices IMO, either.
There are a LOT of lawyers representing investors rooting around for someone on whom to pin losses for the mortgage meltdown.
I have been doing some digging around in the le insurance end of it, and will probably get to see some of the legal wrangling first hand, as an interested observer.
Gold will eventually come down when the economy spruces up a bit and the market recovers. The question you have to ask is if it offset the inflation during that time.
It would have to come all the way down to $1,400 to match February's price.
Sold at 1900.00
lol
uhoh back to the 10,000s today I'm afraid
Madoff: Insider trading rife on Wall Street
"It is unfortunate, to say the least, that the financial services industry is so corrupt and stacked against the typical investor,"
http://www.spurstalk.com/forums/show...=183569&page=4
===
If anybody knows how criminally corrupt the financial sector is, it's an corrupt criminal insider like Madoff.
No surprises there
BAC
That's not a "prediction", that's just common sense.
HFTs bidding up the prices when no humans are trading. Then the humans come in and sell.
The stock market is broken.
One thing about AAPL is that Steve Jobs left it self-sustaning. They just have to go to that next product cycle, and they would be okay.
Still, Tim Cook needs to have that charisma that Jobs had -- or else he's toast like Steve Ballmer.
"The stock market is broken."
.... by the financial sector so the financial sector could profit from the brokeness.
Crap, the stock market plummeted again, albeit just slightly.
Invest long term...make profit. It works.
Buy on the lows, sell on the highs. It's working for me. I expect we will be on this rollercoaster ride for quite awhile.
LOL financial stocks
LOL lawsuits
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