Deleted. Not fair to be talking about such thinly traded stocks. Someone is sure to get burned, and I don't want to be responsible.
http://www.bloomberg.com/video/ande...-markets-strategy-VHqxVBmlTYmsuNBnzVkx0A.html Dwight Anderson sees pickup in China
Why dividends and stock buybacks are important. Money in my pocket is money that can't be wasted by management looking to join bigger and more prestigious clubs. FCX just vaporized 20% of the stock's value in a deal that stinks to high heaven, but don't expect the SEC to turn away from downloading porn on their government-issue laptops.
Treasury unloading rest of AIG stake. That's yahtzee for owners of the shares. Double yahtzee for owners of the warrants.
So let's get this straight: Berkshire raises the level at which it will do buybacks to 120% of BV, thereby allowing it to buy $1.2B in stock from a board member ahead of tax rates maybe going up next year (which Buffett has campaigned for). http://www.streetinsider.com/Inside...ck;+Could+Save+$300M+on+Tax+Bill/7942616.html What a monster this man has become.
Back in 2010 2011 I speculated loudly and daily that the Fed would not have the guts to raise rates with the UR above 8% and iexpectations well anchored, the market paid a large premium to insure against that outcome. Today the fed says they won't even do it with 6.5% UR "efficient markets" lol
To me the Fed is clearly buying insurance against the fiscal cliff even though they didn't admit in the statement. They are based in Washington so they must have special info that things are not going to be solved. This idea might potentially start to be realized by the markets over the coming days