let me reword it then... supportive of the stock market and big bank earnings. besides I have no idea how you would know the fed is not supporting the stock market. its not like they open the books on how they create money to lend or where it goes. Its a very private bank.
True. But the point is the Fed is a private company owned by its member banks, and those banks make money by making sure the dumb money gets into the stock market at the top. When the retail buying is exhausted, the only thing in their interest is to allow the market to drop. Fed liquidity, printing, whatever explains the rally over the last four years, not what is going to happen.
Yes, they're hiding a few annual GDPs worth of assets they've bought on the sly in a vault in Switzerland... And has anyone ever seen Britney Spears and Ben Bernanke in the same room at the same time? Just sayin'...
why not address whether the fed is a private bank... cause that was one of the points. why not even address whether the fed buys futures or stocks to support the market? why would you feel the need to post such worthless drivel? Besides why would they hide a few annual GDPS when they can create unlimited amounts.... according to bloomberg they lent out 7.7 trillion during the financial crisis. Look I don't hate the Fed they probably do a better job than this congress would... but I sure wish the fed would let the market clean itself up instead of this perpetual bubble cycle. How does one plan for the future knowing the if the fed loses control of interest rates the bubble goes pop or boom.
Because it is boring, jem, honestly... I have engaged in similar discussions before (you can find the older threads if you so desire). It's obvious to me from your remarks that you've made up your mind already. There is no point in me trying to reason with you, as you will not be hearing what I will be saying. Your convictions are a matter of faith and so be it. So why don't we talk about Britney instead?
My mind is made up in the way facts are facts. I change my mind about facts when someone shows me the "facts" are wrong. It would be odd change my mind unless you show me Bloomberg was wrong and the FED did not create trillions or if you could should me the fed is not a private bank. or prove the fed did not support the market. otherwise why would I change my mind. regarding britney (sp) I would rather get back to looking at my charts... they are prettier.
No signs of a recession for numerous years. In fact, World Bank has the US GDP growing by over 3% in 2015. So it seems obvious to me that if we get to say early 2016 without much of a bump in corporate profits or an economic slowdown, that the market levels will be healthy. And until we know what "healthy" means in a number, there is no way you can pick a number for the next low in a bad year after that. There is no point in picking a level from 2010 and thinking it has any relevance in the future.
all relationships can break down. high unemployment like today usually means high stock market returns, but this correlation can break.
though he still holds stocks in other companies ($85B), as you can see, he's not selling short America yet. http://warrenbuffettstockportfolio.com/ Company Ticker Value On 2013-03-31 No of Shares % of portfolio WELLS FARGO & CO NEW (COM) WFC 16,947,720,000 458,170,323 19.93% COCA COLA CO (COM) KO 16,176,000,000 400,000,000 19.03% INTERNATIONAL BUSINESS MACHS (COM) IBM 14,530,420,000 68,121,984 17.09% AMERICAN EXPRESS CO (COM) AXP 10,227,658,000 151,610,700 12.03% PROCTER & GAMBLE CO (COM) PG 4,068,235,000 52,793,078 4.78% WAL MART STORES INC (COM) WMT 3,685,170,000 49,247,235 4.33% DIRECTV COM 2,109,415,000 37,275,400 2.48% US BANCORP DEL (COM NEW) USB 2,085,274,000 61,458,101 2.45% PHILLIPS 66 COM 1,900,660,000 27,163,918 2.23% DAVITA INC (COM) DVA 1,775,756,000 14,973,906 2.08% MOODYS CORP (COM) MCO 1,515,101,000 28,415,250 1.78% CONOCOPHILLIPS (COM) COP 1,449,847,000 24,123,911 1.70% WASHINGTON POST CO (CL B) WPO 772,311,000 1,727,765 0.90% GENERAL MOTORS COMPANY COMMON STOCK (SHS) GM 695,500,000 25,000,000 0.81% LIBERTY MEDIA CORP DELAWARE CL A 627,622,000 5,622,340 0.73% M & T BK CORP (COM) MTB 555,211,000 5,382,040 0.65% BANK OF NEW YORK MELLON CORP (COM) BK 530,106,000 18,939,115 0.62% NATIONAL OILWELL VARCO INC (COM) NOV 529,514,000 7,484,300 0.62% VIACOM INC NEW (CL B) VIA-B 467,691,000 7,607,200 0.55% COSTCO WHSL CORP NEW (COM) COST 459,813,000 4,333,363 0.54% U S G CORP (COM NEW) USG 451,389,000 17,072,192 0.53% CHICAGO BRIDGE & IRON CO N V (N Y REGISTRY SH) CBI 404,185,000 6,508,600 0.47% VERISIGN INC (COM) VRSN 386,389,000 8,174,100 0.45% PRECISION CASTPARTS CORP (COM) PCP 374,942,000 1,977,336 0.44% DEERE & CO (COM) DE 342,094,000 3,978,767 0.40% WABCO HLDGS INC (COM) WBC 287,748,000 4,076,325 0.33% VISA INC (COM CL A) V 264,179,000 1,555,459 0.31% TORCHMARK CORP (COM) TMK 253,302,000 4,235,818 0.29% MASTERCARD INC (CL A) MA 219,158,000 405,000 0.25% MONDELEZ INTL INC CL A 215,919,000 7,052,750 0.25% SANOFI AVENTIS (SPONSORED ADR) SNY 207,573,000 4,063,675 0.24% STARZ LIBRTY CAP 124,535,000 5,622,340 0.14% VERISK ANALYTICS, INC. (SHS) VRSK 96,339,000 1,563,434 0.11% KRAFT FOODS GROUP INC COM 82,554,000 1,602,061 0.09% GLAXOSMITHKLINE PLC (SPONSORED ADR) GSK 70,858,000 1,510,500 0.08% GANNETT INC (COM) GCI 38,059,000 1,740,231 0.04% MEDIA GEN INC (CL A) MEG 27,599,000 4,646,220 0.03% JOHNSON & JOHNSON (COM) JNJ 26,668,000 327,100 0.03% GENERAL ELECTRIC CO (COM) GE 13,615,000 588,900 0.01% UNITED PARCEL SERVICE INC (CL B) UPS 5,102,000 59,400 0.00% LEE ENTERPRISES INC (COM) LEE 113,000 88,863 0.00% Total Value As 2013-03-31: 85,001,344,000 SEC FILING * Portfolios do not reflect changes after reporting Invest Like Buffett Matching performance of Warren Buffett by investing same stock as Buffett Number of stocks: Invest Amount: Sponsors