Teak

US Bancorp: A $1.7B Loss for Berkshire Hathaway?

Methinks that the traders have been going from one bubble to another with everybody and his brother (her sister?) jumping together from one asset class to another. Dot.com to housing to commodities to Treasuries and then to ....? Apparently, the new hot asset class is the SHORT class. Eventually, that will blow up (blow down?) and then where do they jump?

Until/unless USB shuts down their many branches and lose their many depositors, I suppose that it is worth holding for a while longer. Maybe the traders will eventually come around to financials once again. Maybe plaid pants will come back in style also. We'll see.