Wall Street

“It’s 1:45 p.m. Do You Know What the Dow’s Doing? No? Good!!”

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

401(k) Pain Silver Lining

Relief at Gas Pump No, it doesn’t make up for the vertigo-inducing gyrations (mostly down) on Wall Street the last six weeks or so. But, it’s a little consolation:  dramatically lower gas prices. At Costco, the price for regular (87) octane gas recently was $2.159. For Costco members (I am), it’s actually even lower: net...
Read More

Revisiting The 2008 Crash a Decade Later: “The Neon Line” Connecting Barack Obama to Donald Trump

Saving Banks, Punishing Rewarding Bankers “In Sweden, if you ask a union leader, “Are you afraid of new technology?’ they will answer, “No, I’m afraid of old technology.” The jobs disappear, and then we train people for new jobs. We won’t protect jobs. But we will protect workers.” –Swedish minister for employment and integration, Ylva...
Read More

Stock Market Turmoil: What Comes Next?

Finding Out Who the Naked Swimmers Are “You don’t know who’s swimming naked until the tides goes out.”      —Warren Buffett. When stocks abruptly turn south, there are two kinds of Sellers:  those who want to sell, and those who need to sell. What would make a stock market speculator investor have to sell? I can...
Read More

What’s the Opposite of “Overbought” Stocks? Stocks That Are “Undersold??”

Question #2:  Can Stocks Ever Be “Underbought?” “Some investors have expressed concern that popular trades are overbought, making them vulnerable to a sharp pullback.” –“U.S. Stocks Drop as Investors Unwind Popular Trades”; The Wall Street Journal (3/21/17). Here’s a suggestion for financial journalists:  instead of using meaningless, mumbo jumbo phrases like “stocks fell because they...
Read More

Twitter, the 21st Century Bully Pulpit

What Would Teddy Tweet? [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] Would 26th President (“walk softly and carry a big stick”) Teddy Roosevelt have tweeted? Put it this way:  I’m pretty sure that a guy who, after being...
Read More
1 2 3 15