Warren Buffett

Someone Just Dumped $1.3 Billion Worth Of AAPL Shares

While quad-witching on index-rebal day usually leads to odd sights in the market, there was little confusion about what happened at the open, when as Bloomberg first noted, Apple shares dipped 0.1% lower after a size seller dumped 9.24 million AAPL shares in a single block trade at the Nasdaq open, at a price of $141.00, amounting to just over $1.3 billion worth of AAPL stock.

"The European 'Story' Is Broken"

"I’ll listen to what the bond market is telling me over whatever Goldman Sachs and Morgan Stanley and the rest of our sell-side friends is pitching me. The "buy-Europe!" story that has been pitched by the sell-side ad nauseam for the past six months is broken and stocks are defenseless against the steady stream of anti-Europe political news we are going to endure for the next eight weeks."

The Most Un-Fun Bubble Ever

"...although it might be fashionable to claim equities are in a bubble, be aware this “bubble” is completely different. It is not driven by speculation, but instead might be the most gigantic short squeeze of all time."

Nervous Retailers Launch Ad Slamming Border Adjustment Tax

How do you know America's retailers are nervous? They make an ad. And while usually it is meant pitch a certain product or service, in this case the object of the ad is something every retailer across the US hates with a passion: the Border-Adjustment Tax

Frontrunning: February 27

  • Epic Oscars Mistake: Faye Dunaway, Warren Beatty Announce Wrong Best Picture Winner (Variety)
  • Oscar host Jimmy Kimmel turns Trump into recurrent punch line (Reuters)
  • After Mix-Up, Hollywood Searches for an Explanation (WSJ)
  • Trillions at Risk When Trump Speaks to Congress (BBG)
  • Bond Market Is Flashing Warning Signal on Trump Reflation Trade (WSJ)
  • Mexico Warns U.S. It'll Cut Off Nafta Talks If Tariffs Proposed (BBG)

Index Investing Unmasked: 96% Of Stocks Are Garbage

"Index investing means buying a box of garbage stocks sprinkled with a few hope and glamour stocks whose price gains are solely a result of underperforming fund managers grasping for quarterly bonuses and retail investors juicing up their portfolios in a doomed attempt to catch up on their retirement targets."