Month: May 2020

Warren Buffett’s Berkshire posts record net loss of nearly $50 billion on coronavirus

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https://www.cnbc.com/2020/05/02/warren-buffetts-berkshire-posts-record-net-loss-of-nearly-50-billion-on-coronavirus.html Warren Buffett’s Berkshire Hathaway posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52 billion of losses from investments, mainly common stocks. A year earlier, net … Read more

They took FLYNN out so he wouldn’t expose them.

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by Doochebag The FBI Set Flynn Up to Preserve the Trump–Russia Probe. They didn't want Flynn around to expose their dirty deeds. @realDonaldTrump https://t.co/Jo1BitxOlM https://t.co/DAoos8zr7w — Tom Fitton (@TomFitton) May 2, 2020 Putting Flynn in a position of authority in intelligence will be the ultimate checkmate over the people that tried to ruin him. Hopefully … Read more

First wave of virus litigations are filed… Will stock market tumble back to its lows?

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First wave of virus litigations are filed NEW YORK – Hundreds of lawsuits stemming from the coronavirus pandemic are rapidly amassing in state and federal courts, the first wave of litigation challenging decisions made early during the crisis by corporations, insurance companies and governments. Claims have been filed against hospitals and senior-living facilities, airlines and … Read more

Alex Newman: The federal government cannot bail everybody out … Max Keiser: Anatomy of a currency collapse … Gordon Long: Bubbles are bursting everywhere …

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BY JOHN RUBINO Matt Taibbi: Expect tens of billions of dollars of fraud in these bailouts … Saagar Enjeti: Biden will put the usual Wall Street suspects in charge of the economy … Rick Ackerman – We have a deflationary abyss to cross … Alex Newman: The federal government cannot bail everybody out … Max Keiser: … Read more

Tech Dot.com Part II Could Start Here

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by Kimble Charting When fewer and fewer stocks are holding up a market, could that end up sending a bearish message to stock market bulls? Yes. This ratio looks at the NDX 100 index compared to the Nasdaq Composite Index. The ratio compares the strength of the 100 largest tech stocks (NDX) to the strength of 3,300 tech stocks (Nasdaq … Read more