Mango Jerry wrote:
Good riddance.
Hi Sally V
Mango Jerry wrote:
Good riddance.
Hi Sally V
Hi, K5!
Hi traitor
10000
due to a shameless desire to brag, I will point out to one and all that one of my microcaps was purchased today at a 98% premium over Friday's close.
ticker ATNY
Ghost of lgIoi wrote:
agip,
Good for you. I'm sure you're smart enough not to let this little success go to your head. As they say, even a blind squirrel occasionally finds an acorn.
Regarding the impending collapse of global markets, consider the current financial Cold War:
http://www.globalresearch.ca/the-new-global-financial-cold-war/5509401Enjoy.
Igy
heh.
This win makes up for my (unrealized) many-burgered loss in shake shack.
agip,
If you are unsure who you are talking to just ask the poster I identified as the Troll some tough questions on the market. I promise the Dufus will not be able to answer them.
My identity: 18:02 track 5k age 55.
Igy
Ghost of Igloi wrote:
agip,
If you are unsure who you are talking to just ask the poster I identified as the Troll some tough questions on the market. I promise the Dufus will not be able to answer them.
My identity: 18:02 track 5k age 55.
Igy
oy the trolls are a pain and so useless.
Two bits of economic news today - neither good
Chicago PMI 47.6 - indicating retraction even more than expected
pending sales of existing homes up just 1.4% year over year
February results:
US stocks flat
Globally stocks down 1.1%
things seem to be quieting down for now
Meanwhile, for a sixth year in a row, Buffett reduced his bond holdings amid continued low yields. Berkshire owned about $25 billion in aggregate, on an amortized cost basis as of Dec. 31, down from nearly $35 billion at the end of 2009, Bloomberg said. Buffett said bonds are such a poor investment tool that they “should come with a warning label.â€
http://www.investors.com/news/buffett-boosts-att-coke-ibm-stock-holdings-cuts-back-on-bonds/?ven=BarchartCP&src=AURLFAR
coach d wrote:
Meanwhile, for a sixth year in a row, Buffett reduced his bond holdings amid continued low yields. Berkshire owned about $25 billion in aggregate, on an amortized cost basis as of Dec. 31, down from nearly $35 billion at the end of 2009, Bloomberg said. Buffett said bonds are such a poor investment tool that they “should come with a warning label.â€
http://www.investors.com/news/buffett-boosts-att-coke-ibm-stock-holdings-cuts-back-on-bonds/?ven=BarchartCP&src=AURLFAR
Buffet has been wrong on bonds for a while now
as have I and just about everyone not named Hoisington
Way back in 2008 Buffett was warning against treasuries - they have obviously done pretty well since.
In Berkshire Hathaway's (NYSE:BRK.A) 2008 Shareholder Letter, Warren Buffett makes mention of the US Treasury bond bubble of late 2008. Mr. Buffett writes:
When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s. But the U.S. Treasury bond bubble of late 2008 may be regarded as almost equally extraordinary.
Clinging to cash equivalents or long-term government bonds at present yields is almost certainly a terrible policy if continued for long. Holders of these instruments, of course, have felt increasingly comfortable – in fact, almost smug – in following this policy as financial turmoil has mounted. They regard their judgment confirmed when they hear commentators proclaim “cash is king,†even though that wonderful cash is earning close to nothing and will surely find its purchasing power eroded over time.
http://seekingalpha.com/article/123813-buffett-wrong-on-treasuriesBonds (and loans) are terrific.
Without them, we wouldn't have swaps!
lmao
I'm still nervous about everything.
coach d, my friend shorting commodities has closed out all his positions. He did very well over the past year.
coach d,
The response to your post is the Troll.
Igy
I see three responses to coach d's last post.
agip wrote:
When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s.
The history of THIS decade?
Igy,
Should I buy their bonds? I was thinking that article was recommending the bonds. But Warren Buffett and coach d said not to. What do you say?
That would be 13 states and 1 territory, moran.
Go Anybody but Trump.
Today's economic data:
PMI Manufacturing: 51.3, indicating slowest growth in several years
ISM manufacturing: 49.5 - lowest reading since 2009
Same store retail sales: +0.6% year over year. Not good.
Construction spending: +10.6% year over year. very very good and accelerating.
So the manufacturing continues to be bad, store sales blah, and construction quite good.
Tell that to Igy.