long_on_oil

Berkshire Hathaway Stock Portfolio: At Risk of Resembling an Index Fund?

BRKB opened the year at $3205, it is now $3403 that is a gain of 6.17% so Berkshire is doing a damn poor job of keeping up with the Dow. As an owner for over 5 years the recent performance when compared with any of the main indexes, is very disappointing.
I hold this dog because of the potential not the current performance. I keep thinking someday this stock has to have a major breakout but only God knows when.

Report from Europe: A Profit Taking Friday

Anyone who invests in anything Russian related has to be a risk lover. I had heard of the corruption in Russia but this video is a real eye opener.
If we were to open our eyes we would probably see the same thing happening here. Where is the transparency Obama promised us relating to all the billions his administration is dolling out. Any time you have massive government spending like we do now, you have corruption and it is not party specific.
If you think the american people really have control over congress and government spending then you have your head in the sand.

Are Financial Stocks Preparing for 'The Fall'?

All this analysis and yet no one has mentioned all the money the Saudis have poured into C. My goodness folks, these banks are getting their product they sell for free and making huge interest loaning it out. The government wants to prime the pump to get this economy moving again and investors are afraid to buy the banks. Maybe I am missing something here but I feel pretty good about buying Citicorp for less than $4. Heck, I can buy 50 shares of Citicorp for less than I spend on gas every month.
The average investor is scared to death of banks yet when the banks recover, they rush in...lol

Warren Buffett's Stock Holdings Outperform

Buffet portfolio up 22%...BRK is down about 10% since Jan open. What am I missing here? Is BRK a great buy at this price? comments welcome

Wall Street Breakfast: Must-Know News

I really don't know what that means. If December was a good month then they understated earnings. If it was a bad month, they overstated. What are you implying?

Ken Lewis Continues to Claim that BofA Will Not Need Additional Capital

I purchased BAC because of the interview with Lewis on 60 minutes when he said 80% of Americans deal with BAC in some way. That plus the purchase of Merrill has to bode well for the long term future. I know several well to do individuals that still have their accounts with Merrill and that speaks volumes. Bash Lewis all you want but BAC has a foundation solid enough to survive this mess and in 5 years you will all wish you would have purchased this stock at $3.75 a share like I did. I can see the dividend eventually going back to over $1 a share so even at todays price of $8 that is a pretty good return.
American investors are just to damn impatient.

Wall Street Breakfast: Must-Know News

We as Americans should be ashamed of ourselves for having to be lectured to by the British and French. They know all about socialism and are trying to save the last best hope on earth for mankind and we are like the ostrich with the head in the sand.
If you were pm Gordon Brown what would you think if the first thing the Americans did was to give you back a bust of Churchill that had been in the oval office since Reagan. The next thing Obama does is to give Brown DVDs of American movies that won't even play on British equipment.
I don't care which candidate you voted for we Americans should be ashamed of the lack of protocol displayed by this administration.
Apparently this administration has a dislike for the British and I can't figure out why.
The British and French are like our little brothers, they both want to be like the United States. Now that we are on the road to socialism they are getting pissed at us because they no longer have anyone to look up to.

Wall Street Breakfast: Must-Know News

The government should loan the auto companies enough money to build new modern plants in the "right to work" South. If the union workers want to move to the south and accept non union jobs then give them first pick. The only way the auto manufacturers are going to succeed is to free themselves from the unions.
The big 3 have been doing this for years and no one has gotten upset. The big 3 have moved several plants out of the country to Canada, Mexico and Brazil and no one is upset. This is just the final move out of Michigan and away from union plants.
The American public is against all these bailouts by over 60%, that should tell us something.

Wall Street Breakfast: Must-Know News

The world is suppose to be starving for liquidity but on the other hand we are currently suppose to have $13 trillion dollars in cash sitting on the sidelines just waiting for a market bottom. Where exactly is this $13 trillion sitting, apparently not in any bank that lends money. If it is in T bills how long can that last? As bubbles burst so does idle cash sitting on the sidelines waiting for an entry point. When this cash starts to reenter the market and the dam eventually breaks, this market will reverse itself and the move will be fast, because unlike the decline, the upward movement will suck in that idle cash like a tornado.
Buy high, sell low will never change. It is human nature.

Wall Street Breakfast: Must-Know News

Saving the auto industry is like pouring money down a rat hole. If the industry will not make autos that sell why should the taxpayers subsidize these losers. Honda is building a car that runs on natural gas and apparently it is selling like hotcakes. Our auto makers have to get their heads out of the sand and for once in their corporate lives try to get ahead of the curve instead of always following 5 years behind.
The government can't control corporate direction, the market handles that very nicely. Let markets work, we taxpayers don't exist to keep the auto unions alive and well. Simple economics, profitable corporations succeed, all others fail.
We all know that Obama will pour millions into these losers because of his commitment to the Unions. This is a huge mistake.
If the automakers can present the government with a viable plan that shows how they are going to become profitable then consider helping. If it is going to be the same ole crap of producing gas guzzlers and losers then let em fail.
We as a nation have to start right now building natural gas filling stations all across this country. We have to free ourselves from the Saudis and these other bastards that want to kill us. It is a must that we switch our autos to natural gas.

Wall Street Breakfast: Must-Know News

The total outstanding shares of a company should be the total that can ever be traded. Naked shorts allow more shares than the company has outstanding to be traded and this should never be. If Obama corrects anything I hope it is this.
I am not usually political but if I remember right all the problems we are facing now have come to light during the past 2 years since we put the Democrats in charge of the congress. The dems promised they would take care of the high price of gas 2 years ago and we put them in. Well we all know what has happened since we put in the democrat congress.

Wall Street Breakfast: Must-Know News

Ditto Eddie64, you hit the nail on the head. I just wish I would have been smart enough to go to cash when the market was at 14000...lol
But doesn't everyone.
The collapse of all these financials is creating major buying opportunities like we haven't seen in years. They are having to liquidate equities with no market price buyers.