All Posts Tagged With: "WFC"
Berkshire Hathaway’s Mystery $3.5bn Spending Spree
With the stock market in turmoil, it’s a good time to check in on what Warren Buffett is doing with his portfolio. Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A, BRK.B) has struggled in the first half of the year. Money Morning’s Jason Simpkins says $3.5 billion of Berkshire’s recent $4-billion shopping spree is still unaccounted for…
Horacio Marquez Says Buffett’s Berkshire Is a Bargain
Since March, shares in Warren Buffett’s investment vehicle, Berkshire Hathaway (NYSE:BRK.A, BRK.B), have plunged 23%.
The Class A shares closed Friday at $116,650 each, down from their 52-week high of $151,650 (the Class B shares represent 1/30th of the Class A shares).
However, Money Morning’s Horacio Marquez says Berkshire’s share price is merely a reflection of the slowdown in the US economy. And with shares now at bargain prices, it’s a perfect opportunity to take a stake in one of the best investment portfolios on the planet…
Japanese Bank Bid Suffers Setback
Expect the Dollar to Fall Some More
Big Media has been busy cheerleading the dollar since it regained strength last week. But don’t expect it to keep on rising, says Andrew Gordon. News on inflation, housing and retail sales is all bad. Financials are still struggling. And the Fed is all hot air on an interest rate rise.
The Fed Cannot Raise Interest Rates
If Fed chief Ben Bernanke thinks raising interest rates will be a cure all for the US economy, then he can return his diploma from Princeton as “unused”, says Chuck Butler.
Wells Fargo Bank (NYSE:WFC) may have temporarily raised the market’s spirits, but since when did one swallow make a summer?
Raising interest rates in the current economic environment would be nothing less than madness…
Bank of America, Citigroup Spark Glimmer of Hope for Troubled U.S. Banking Industry
Bank of America Corp. (BAC) shares soared yesterday (Monday) as it followed Citigroup Inc.’s (C) lead to become the fourth large domestic bank to beat Wall Street’s earnings expectations and provide hope that the battered banking industry might finally be leaving the worst of the subprime mess behind.
The Calm Before the Next Bank Storm
As expected, stocks are charging higher since Wednesday following weeks of protracted selling. That’s not a surprise. I’ve been saying we could see a big rally because the VIX was heavily overbought.
The Room Monday, July 21, 2008
Not so very long ago, I published here a photo of an honest-to-goodness bank run in England, as depositors tapped politely at the door of Northern Rock Bank in the hopes of receiving their money back.
Oh, Ursus. We Barely Knew You
Is the bear market dead? Or is it just taking a well-deserved break before hunting down its next victim?
New Bull Market or Bear-Market Trap? Investors Look to Earnings Season for Clues
Earnings season will plug along this week as reports from several banks provide the latest insight into how well the beleaguered financial-services sector is weathering the global credit-crisis storm.
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