Buffett Buys In: $12B In Stock Bought Since Election Jan 31 2017 | 10:09pm ET By Jonathan Stempel (Reuters) - The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway since the Republican Donald Trump beat Democrat Hillary Clinton in the November 8 U.S. presidential election. In an interview with talk show host Charlie Rose that aired on Friday night, Buffett suggested that Berkshire's post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought. "We've, net, bought $12 billion of common stocks since the election," Buffett said. "The guys that work with me, the two fellows, they probably bought a little bit or sold a little bit too." The speed with which Berkshire is buying stocks is unusual. It has spent in fewer than three months roughly half what it spent on equities in the three years ending Sept. 30, 2016. Buffett demurred on whether Berkshire has added to its stakes in the four largest U.S. airlines: American Airlines Group, Delta Air Lines, Southwest Airlines and United Continental Holdings. Berkshire revealed those stakes in mid-November, surprising many given Buffett's long aversion to the sector. Asked why Berkshire dove in, Buffett said: "It was in large part my decision." Berkshire will likely disclose by Feb. 14 some of the stocks it has bought, in a regulatory filing listing most of its U.S. holdings as of year-end. The Omaha, Nebraska-based conglomerate owned $102.5 billion of equities as of Sept. 30, excluding its stake in Kraft Heinz. U.S. stocks rose after Trump was elected, reflecting investor optimism that his policies might boost economic growth, aided by a Congress also under Republican control. Buffett said Trump is unlikely to reach his goal of 4 percent annual growth, but that growth at half that level would over a generation add $19,000 per person to real gross domestic product. "Two percent will produce miracles," Buffett said. The U.S. economy grew by 1.6 percent last year, the lowest since 2011. from FINALTERNATIVES
Maybe the ole boy has finally lost his marbles. Once Mr Dump's policies kick in the market may well fall well below 2,000. Mexico is only the USA's 2nd biggest trading partner. He is annoying China and the EU too ! The lunatic seems hell bent on isolating America. Sorry guys but it looks disastrous for the US.
I think his policies will be very beneficial for the US but lousy for the world. Sp500 could hit 3000 this year.
On election night Carl Ichan bought 10,000 S&P minis. Then he got on the phone and said "Blue Horseshoe loves Donald Trump". All his Billionaire buddies started buying as well. “I would have tried to put a lot more to work, but I couldn’t put more than about $1 billion to work, and then the market got away. But I’m still happy about it,’’ Icahn said. “The S&P was so liquid -- it was unbelievably liquid -- the world was going nuts. Last night it was amazing, the world was going into a panic with no reason.”
%% Could, but not likely it would- that would be $300 on SPY.Of course if it goes up every month like it did in JAN, it could go well above $300 LOL. 50 day moving average buy volume on investors business daily[IBD or investors.com ]website is trending down. You maybe right, on 3000; Yogi Beara said he doesnt make predictions, especially about the future.