Well I hope everyone had a good weekend because the start of the week looks like this ones going to be a doozy, and not in a good way. A look at Asia on Monday sees the Nikkei down 11%, and the futures for the US Markets are uuuuuugly, with serious red dotting the landscape-like Dow down 250, NDAQ down 50- you get the drift. The situation in Japan is not good, with the loss of life probably over 50K, no power, food, or gas for 1.5 million people, and to put the cherry on top, the nuclear reactors looking like they are going to blow- lovely. Here is a little more from Bloomberg:
http://www.bloomberg.com/news/2011-03-15/debt-tsunami-fights-radiation-for-bigger-risk-commentary-by-william-pesek.html
Here is Buffett being Buffett, how else could you meet the world's greatest investor, probably ever? Pay 48 bucks for a auto policy- not kidding:
http://www.bloomberg.com/news/2011-03-14/berkshire-dangles-48-auto-policies-to-meet-buffett-in-india.html
The Nasdaq is going to give it a whirl- making a bid for the NYSE:
http://online.wsj.com/article/SB10001424052748704893604576200832791522972.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Finally, the big boys are starting to heat up- FB vs Groupon- interesting tussle in the coupon wars-
http://online.wsj.com/article/SB10001424052748704893604576200780657056862.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Let's hope and prey things get better in Japan, especially for families who are missing loved ones.
As always, on any company mentioned here, past performance is not a guarantee of future returns. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.
Yale Bock, CFA
President, Y H & C Investments
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