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Warren Buffett’s great stock market timing move
Nothing strange about the 2008 bear
There have been a lot of comments in the media and among investors all year about how strange the stock market has been acting this year.
I don’t agree. Except for the wild day-to-day volatility (after the SEC allowed the abolishment of the up-tick rule on short-selling last year) the market has been acting quite normally.
It handled the turmoil created by the collapse of the housing bubble and the onslaught of the sub-prime mortgage mess last year quite well, reaching a new bull market high in October of last year.
Always looking ahead six to nine months,…
18Nov2008 | Street Smart Report | Comments Off | ContinuedAre the Most Business-Friendly Markets the Most Friendly to Investor Portfolios?
Forbes Magazine has come out with its list of “Best Countries for Business” – and Denmark ranks as the world’s most business-friendly market. But unless an investor is looking to set up shop in one of these countries, you wouldn’t expect this list to be all that valuable.
After all, it’s one thing to know that when a company operates in a business-friendly market, its employees and corporate officers will be well treated, and the company itself will be afforded respect. But does that necessarily allow us to predict whether or not investments in that country will appreciate in value?
The truth may…
8Jul2008 | Money Morning | Comments Off | ContinuedGlobal Investment Roundups
Sterlite Buys Asarco’s U.S. Copper Mines; Petrobras Award Tupi Rig Contracts; Russian Inflation to Hit 14% in 2008; South Korean Economy Outpaces Estimates; Toyota Sees U.S. Consumers Braking; Manufacturing Inches Up; NetSuite Snaps Up OpenAir
–India’s largest copper and zinc producer, Sterlite Industries Ltd. (ADR:SLT), agreed to buy assets of recently bankrupted miner Asarco LLC for $2.6 billion, Bloomberg reported. Asarco has three copper mines, a smelter and refinery Asarco is the third-largest copper maker in the U.S., producing 235,000 tons in 2007, and Sterlite said it plans to make it the largest.
–Petroleo Brasileiro SA (ADR:PBR), better known as Petrobras, doled…
3Jun2008 | Money Morning | Comments Off | Continued
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