Contrarian Stock Market Investing News - Featuring Bargain Stocks

Thursday, November 20th, 2008

Posts Tagged ‘ T. Bonned Pickens ’

Early Indicators: Buffett to the Rescue

Sep 24th, 2008 | By Contrarian Profits | Category: Featured, Financial News

– Billionaire investors Warren Buffett has sent US stock-index futures rallying after his Berkshire Hathaway announced it will buy $5 billion worth of perpetual shares in soon-to-be bank-holding company Goldman Sachs (NYSE:GS). The news sent shares in Goldman up almost 8%. Shares in Morgan Stanley (NYSE:MS), which is also converting into a bank, rose 9.8%.

– December-dated S&P 500 futures rallied 13.10 points, Dow futures were up 101 points, and Nasdaq-100 Index futures rose 18 points on the news. Yesterday, US stocks ended the worst two-day rout since 2002.

Tags: Barack Obama, credit crisis, GS, Hank Paulson, Investing In Oil, John Mccain, MS, Ron Paul, T. Bonned Pickens, Wall Street crisis, Warren Buffett
Posted in Featured, Financial News | Comments2008-09-24+11%3A59%3A49Contrarian+Profits

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