Housekeeping
- Joshua M Brown
- December 12th, 2012
I had a really busy day today (that time of year!) but wanted quickly point you to a few things:
First, Berkshire's buyback news today was interesting, was glad to see it as a shareholder. The buyback threshold has now been raised to 120% of book value up from 100%, which Motley Fool believes means a floor under the stock at that level. I'll take it.
What Berkshire's Buyback Means for You (Motley Fool)
Oh yeah, and the Fed. Forgetaboutit. QE to the f***ing moon. Plus a new targeting policy (low rates so long as unemployment > 6.5% and inflation < 3%.
Merrill Lynch just got Petraeus-bullish on stocks for 2013 - ALL IN. Check this "unapologetically bullish" call out:
Merrill ‘unapologetically bullish’ for 2013 (The Globe and Mail)
Here's the Takeaway I did today at Investment News for further reading:
The Takeaway (Investment News)
OK, good night!
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
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The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More. -
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