Reversal of Fortune How volatile is the stock market — and specifically, tech stocks — these days? Consider the fortunes of ARK Invest’s Cathie Wood: Cathie Wood, increasingly nicknamed “Queen Cathie” by traders on Reddit, is turning into the new stock market Oracle. Hundreds of millions of dollars poured into her family of five ETFs...Read More
Bullish and Bearish Bellwethers [Note to Readers: in the wake of GameStop’s Reddit-fueled roller coaster ride, the post below is getting renewed attention. To would-be market timers, though, here’s a heads up: the post appeared almost 5 years ago, when the Nasdaq — which contains many high-flying tech stocks — closed at 4,476. Its close...Read More
Berkshire Hathaway 2020 (Virtual) Annual Meeting [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] Perhaps the biggest news from Berkshire Hathaway’s (online) annual meeting yesterday was Warren Buffett’s bearish...Read More
Lower Interest Rates vs. Economic Uncertainty How will coronavirus affect the housing market? The answer likely depends on two questions: 1) which Buyers?; and 2) which segment(s) of the housing market — specifically, which price points? So, at the lower end of the market, especially in the Twin Cities, there remains an acute shortage of...Read More
Back to the Future (Make That, “Jan. 20, 2017”) [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire.] After today’s 2,000 point rout, the Dow — at 23,851 — is...Read More
Plunge in Dow, Interest Rates Continue; Airline Stocks Hit [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway (“Berkshire”), or any other entity referenced. Edina Realty is a subsidiary of Berkshire. If you want an upbeat take on the market . . ....Read More
