Archive | August 21, 2007

Nikkei Climbs Higher in Broad Rally, But Can’t Hold 16,000; Faces Tough Recovery to 18,000

* Nikkei 225 Stock Average: +168.86 (+1.1%) to 15,901.34, intra-day high of 16,101.64 * Nikkei 225 futures Osaka: +140 (+0.9%) to 15,870, Singapore (SGX) 15,865, Chicago (CME) 8/20 — 15,805 * TOPIX: +26.31 (+1.7%) to 1,549.88; Advancers 1,369 x decliners 288 (unch. 66), New highs 2 x new lows 142; all 33 sectors posted gains [...]

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Warren Buffett Sellouts Emerge as Berkshire Hathaway Hits New All-Time High

The latest Forbes magazine (Sept. 3, 2007, or read online at: “So Long, Warren“) discusses something very interesting: several solid mutual funds, which have been longtime devotees of Warren Buffett, are selling shares, with one fund liquidating its entire position. Sequoia Fund (SEQUX) sold $650m since the beg. of 2005, lowering its BRK.A weighting to [...]

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