The Oracle of Omaha acquired his hometown newspaper in January and just snapped up dozens more in a $142 million deal. This is supposed to be the fastest declining industry in America. What is Warren Buffett up to?
Here’s why the deal makes a lot more sense than it appears:
A “three corner pool shot”
viaWhy Warren Buffett is buying newspapers — paidContent.
The talk for weeks now has been about this market and how oversold it is. Everybody is looking for a bottom. Let me rephrase that…everybody is looking for a tradable bottom. One has yet to arrive………..
viaHow You’ll Know When A Tradable Bottom Is In Place – bclundbclund.
I mentioned a couple of nights ago that we had a good shot of bouncing within the week and I’m starting to see more signs pointing to that happening. Sentiment is starting to get ultra bearish and the markets continue to act like caca (technical term). As regular readers know, I monitor Wordens version of the McClellan Oscillator (T2106) as one of my sentiment tools along with their “Stocks trading above their 40 day ma” (T2108). Both are starting to read extreme levels as the markets push lower……….
viaThe Pending Bounce | Downtown Trader.
First it was the strategists lowering their recommended equity allocation down to the lowest levels since March 2009. Now, individual investors are at their most bearish levels in nearly two years. According to the weekly survey of individual investor sentiment from the American Association of Individual Investors (AAII), bullish sentiment came in at it 23.6%, which is the lowest weekly reading since August 2010.
viaBespoke Investment Group – Think BIG – Individual Investor Sentiment Near Two Year Lows.
Each morning at the CFA annual conference, there were “sponsored corporate presentations.” I attended one put on by the CBOE, part of which concerned volatility indexes and related trading (investment?) vehicles. A brochure used in that part of the talk is available online — its title is “Key Tools for Hedging and Tail Risk Management.”……..
viaresearch puzzle pix by tom brakke.
Coffee, caffeinated or decaffeinated, may help extend the lives of people who drink it daily, a U.S. study found.
Men who drank 2 to 3 cups a day had a 10 percent chance of outliving those who drank no coffee, while women had a 13 percent advantage, according to research published yesterday in the New England Journal of Medicine………
viaCoffee May Help Drinkers Live Longer, U.S. Study Suggests – Bloomberg.
The dollar gave up gains by midday Thursday, threatening to end a rally at 13 days — its longest since at least 1985 — as U.S. stocks fall and Treasury yields touch their lowest level ever following weak economic data and more causes for worry about Greece and Spain……
viaDollar threatens to end 14-day rally – Currencies – MarketWatch.
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Today’s guest post is from Jessica Peletier. Jess is a private trader, blogger, writer and Twitter Fiend. She trades intraday FX and equities using simple technical analysis. You can follow her blog at www.roguetraderette.com.
One of the biggest draw-backs about living in a tiny beach shack is the lack of any form of office………
viaWhy The Real Super-Traders Are Yet To Come – bclundbclund.
There’s a long list of things that could kill the euro zone. But the most deadly might also be the most overlooked. It’s the crazy way that Europe measures inflation.
Let’s step back for a minute. Most central banks nowadays aim for price stability defined as 2 percent core inflation. The ”core” means that they strip out volatile food and energy prices because 1) those prices mostly don’t figure into long-term contracts, and 2) they’re set in world markets. But Europe goes further. They strip out housing too………..
viaThe Crazy Way Europe Measures Inflation Might Doom the Euro – Business – The Atlantic.
En förlamad kvinna har lyckats sträcka sig efter en flaska och dricka en slurk ur ett sugrör enbart med sin egen tankekraft. Aldrig har en tankekontrollerad robot utfört så komplicerade rörelser tidigare……..
viaRobot hjälpte förlamad dricka | Utrikes | SvD.
Before we can understand what’s really going on with JP Morgan’s loss which will probably end up being a lot more than $2 billion, we need a little background.
viaThe Truth About JP Morgan’s $2 Billion Loss | The Big Picture.
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I’ve tried to do it. My father before me, who was one savvy stockbroker, tried to do it. Perhaps you have tried to do it, too.Most stock investors at one time or another have tried to “beat” the market because, well, we believe we can. Beating the market means your stock picks outperform the Standard & Poor’s 500 index, which is basically a proxy for the overall stock market………
800 fonder i pensionssystemet paralyserar oss. För många val gör att vi skjuter upp valet eller faktiskt inte gör något val alls.
viaEndast två procent gör ett val i premie-pensionssystemet – Compricer.se.
The Europeans have had the best governments money can buy. Their elected leaders have provided them with all sorts of wonderful social welfare benefits. Many Europeans are employed by their governments to provide those benefits to their needy fellow citizens. Those who cannot find a job, or are too depressed to look for one, are provided with extremely generous unemployment benefits. Retirement benefits are great, and early retirement is the norm. Life has been very good in Europe……
viaDr. Ed’s Blog: Europe’s Wonderland.
Each year, the research firm DALBAR publishes their Quantitative Analysis of Investor Behavior. Every year, the results show that individual investors are their own worst enemies. And this year is no exception…
The Most Common Mistake Investors Make « Portfolio Investing Blog: Portfolioist.
