• GoldCore
    08/04/2015 - 06:08
    The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold...

Warren Buffett

Tyler Durden's picture

Chinese Stocks Open Lower As Margin Debt Tumbles To 4-Month Lows, Regulators Probe Officials' Sales





Following last night's afternoon session melt-up at the hands of a $100bn injection into China's sovereign rescue fund, Chinese stocks opened higher but faded fast, with no follow-through from yesterday's farce. With Warren Buffett's favorite indicator flashing red for China (and US) stocks, and so many rural Chinese citizens "just hoping to get out at breakeven," any assistance in levitating the nation's stocks are simply being sold into as margined traders unwind their positions. One such leveraged 'citizen' is none other than State-Owned-Enterprise GM Yang Shengjun, whose firm was ironically among the most vocal in blaming the crash on "malicious foreign sellers trying tio start an economic war" and is now under investigation for dumping his own shares... do as I say Chinese people, not as I do.

 
Tyler Durden's picture

Earnings And Guidance Suddenly Matter? Say It Ain't So...





We are seeing a kind of flight forward by investors – promises of future returns that may or may not eventuate continue to be highly rewarded – no price seems too high. This is actually a fairly typical bubble phenomenon. It is impossible to say for how long it will continue and how far it will go, but it is possible to say how it will end: in tears, especially for Johnny-come-lately investors.

 
Tyler Durden's picture

'Buffett' Says Sell; BofAML Asks, Should We Listen?





When Janet Yellen speaks, investors buy stocks (whether she tells you stock valuations are 'substantialy stretched' or not). When Warren Buffett speaks, investors listen... so when his favorite indicator is flashing a huge "sell signal" trading 80% 'expensive' to its long-term average, perhaps, as BofAML suggests, it is time to listen.

 
Tyler Durden's picture

Gold, Stocks, Oil... Choose One





Would you rather have one “Share” of the S&P 500 at $2,124, or 41 barrels of crude oil, or 1.86 ounces of gold? Yes, they are all worth the same amount at the moment, but the price relationship between the three has shifted over the decades.

 
Tyler Durden's picture

The Crony Capitalist Pretense Behind Warren Buffett's Banking Buys





When Warren Buffet put $5 billion in Berkshire Hathaway funds into Goldman Sachs the week after Lehman failed, amidst total turmoil and panic, it appeared from the outside a high risk bet. Buffet had long tried to portray himself as a folksy engine of traditional stability, investing only in things he could understand, so jumping into a wholesale run of chained liabilities may have seemed more than slightly out of character. We have no particular issue with Buffet making those investments, only the pretense of intentional mysticism that surrounds them. The reason the criticism of crony-capitalism sticks is because this was not Buffet's first intervention to "save" a famed institution on Wall Street. If Buffet's convention is to stick with "things you know" then he has been right there through the whole of the full-scale wholesale/eurodollar revolution.

 
Tyler Durden's picture

A Serial Short Seller Asks "Do Governments & Central Banks Ever Lose?"





It's true that “the authorities” want the price of financial assets (stocks, bonds) to go up, and the price of hard assets (commodities) to go down… which is exactly what has happened. So do governments and central banks ever lose? In the old days, they lost all the time. In one extreme example, an individual hedge fund took out the entire Bank of England. But central banks are currently on a massive winning streak. So to answer the question, “Will we ever have a crisis,” you need to answer the question, “Will we ever be allowed to have one?”

 
Tyler Durden's picture

Surprise! CEOs Are Getting Rich By Buying Back Stock





For corporate management teams it’s all about instant gratification these days and if you needed proof that US equity markets have become the preferred channel for transferring debt sale proceeds directly into the pockets of top management, Bloomberg has all the evidence you need.

 
Tyler Durden's picture

Frontrunning: July 6





  • Greece Bailout Referendum: They Voted ‘No’. Now What? (BBG)
  • Varoufakis Quits as Greece Enters New Showdown With Europe (BBG)
  • Merkel to Meet Hollande as Greece Told to Make Next Move (BBG)
  • German line hardens after Greek referendum 'No' (Reuters)
  • BOJ keeps rosy view of regional Japan, watching markets after Greek upset (Reuters)
  • Oil falls on Greece vote, China stock market turmoil (Reuters)
  • China Urges U.S.-Iran Compromise 36 Hours to Nuclear Deadline (BBG)
  • U.S. and Iran: the unbearable awkwardness of defending your enemy (Reuters)
 
Tyler Durden's picture

Whole Foods, Half Lies





Whole Foods has just been caught ripping-off customers, above and beyond their typical rip-off prices. So what does Whole Foods' leadership finally do about the recent pricing scandal? Create a feel-good advertisement! No staff changes nor any attempt at financial regress for the systematic and ongoing misconduct. They've already double bagged and taken home those ill-gains. Even worse, as we show, even the most fair mis-pricing will generally be "straight up" not fair.

 
Tyler Durden's picture

Train Carrying Toxic Gas Derails In Tennessee, Catches Fire; Thousands Evacuated





Remember when oil pipelines were at risk of spilling and as a result the progressive movement decided it would be far safer to transport US oil by train, because supposedly trains are so much safer for the environment, only to lead to a record surge in oil-carrying train accidents and derailments? Well, not even the most hardline of environment-friendlies could have anticipated what happened overnight in Blount County, Tennessee after a freight train derailed carrying flammable and poisonous material caught on fire on Wednesday night, leading to the evacuation of as many as 5000 residents from their homes.

 
Capitalist Exploits's picture

How to Enhance Your Circle of Competence





A simple method that can boost your chances of investment (or any other) success

 
Tyler Durden's picture

The Warren Buffett Economy, Part 5: Why Its Days Are Numbered





Today’s style of heavy-handed monetary central planning destroys capitalist prosperity. Real capitalism cannot thrive unless inventive and enterprenurial genius is rewarded with outsized fortunes. Warren Buffett’s $73 billion net worth, and numerous like and similar financial gambling fortunes that have arisen since 1987, are not due to genius; they are owing to adept surfing on the $50 trillion bubble that has been generated by the central bank Keynesianism of Alan Greenspan and his successors.

 
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