Warren Buffett baffles many on green energy — what about heir apparent Greg Abel?

“The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” he said. If BHE, one division of the $630 billion Berkshire Hathaway, were a stand-alone public company, it probably would be worth well over $50 billion, Barron’s reports. Abel has been with […]

Charlie Munger ‘hates’ bitcoin’s rise: ‘disgusting and contrary to interests of civilization’

Nor do I like just shoveling out a few extra billions and billions of dollars to somebody who just invented a new financial product out of thin air. “We probably got hundreds of thousand of people watching that own bitcoin, and we probably have two people that are short. which is notoriously volatile, has rallied […]

Stock market peak? ‘Easy money’ has been made but room for more gains, strategists say

Another week of booming U.S. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said. ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%. The week ended with data that showed a 21.1% rise […]

US stocks have risen to all-time highs this year. Should you ‘sell in May and go away’?

The hypothesis is that equities tend to underperform in the six months through October, so investors should sell stocks at the start of May, invest in cash and then re-enter the market in late autumn, the strategists said. “In the U.S., a stay invested strategy has tended to outperform, particularly in recent years,” the strategists […]

Berkshire’s Munger: Bitcoin rise ‘disgusting and contrary to interests of civilization’

Asked about the digital asset’s rise at Berkshire’s annual meeting on Saturday, Chairman Warren Buffett said he would opt to “dodge” the question on the expectation that hundreds of thousands of viewers were likely cryptocurrency holders. Before moving to New York, he reported for MarketWatch from Frankfurt, London and Washington, D.C. …Read the full story

Insiders selling shares and four more bad signs for the bull market, according to this strategist

Deluard points out that the level of stock gains we are seeing now is unprecedented, with one exception: the Great Depression. There have been 12 major bear markets in the last century, according to Deluard, and stock prices never doubled in the ensuing rally after five of them. “There is only one precedent in history […]

Digital currency ether hits all-time high as bitcoin dominance fades

Rising institutional interest remains a key driver for ether and other cryptocurrencies, analysts said. Ethereum has “enormous momentum” because of institutional interest, said Naeem Aslam, chief market analyst at AvaTrade. continues to recover from a plunge earlier this month that took it below $50,000 and more than 20% off its all-time high above $60,000. CoinMarkeCap […]

Stock market will struggle as bullish earnings expectations get out of hand: economist

“The implication is that will have to perform even better than analysts are forecasting in general between now and the end of 2022 if the S&P 500 is to get a boost from this source,” wrote John Higgins, chief markets economist at Capital Economics, in a note. the consensus forecast for trailing 12-month operating earnings […]