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.
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:
Here’s the Takeaway I did today at Investment News for further reading:
OK, good night!