The stock market

Actually I usually post in the morning regarding the prior day. The morning post would not have had any of today's happenings. I was actually just looking at personal accounts to see what the day's activity had done.

Here you go................

finance.yahoo.com

Stock market news today: Dow rises more than 500 points as investors bet on end to Fed hikes

Investors are betting the Fed is done with its rate-hiking campaign, taking heart from Chair Jerome Powell's comments.
finance.yahoo.com finance.yahoo.com
 
Surprised it took so long, 4 hours, but I guess that's how long it took to read all the charges. I never warmed to crypto currency...

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy​

The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.

Sam Bankman-Fried, the tousle-haired mogul who founded the FTX cryptocurrency exchange, was convicted on Thursday of seven charges of fraud and conspiracy after a monthlong trial that laid bare the rampant hubris and risk-taking across the crypto industry.

Mr. Bankman-Fried became a symbol of crypto’s excesses last year when FTX collapsed and he was charged with stealing as much as $10 billion from customers to finance political contributions, venture capital investments and other extravagant spending. A jury of nine women and three men took just over four hours of deliberation on Thursday to reach a verdict, convicting Mr. Bankman-Fried of wire fraud, conspiracy and money laundering.

Together the counts carry a maximum sentence of 110 years. Mr. Bankman-Fried, 31, is expected to appeal. He’s scheduled to be sentenced on March 28.

Before the verdict was announced, Mr. Bankman-Fried, wearing a gray suit and purple tie, stood to face the jury, with his hands clasped in front of him. He showed little visible emotion as a juror repeated the word “guilty” seven times. He then took his seat, with his head angled down.
 
Chinacat said:
Well, not everyday but I just enjoy looking at your input and I am in no way qualified to have a real discussion about the stock market as I don't really understand much of it....
Honestly, I only monitor it to keep an eye on my 401K 8-)
Click to expand...
So how did it look at the end of the week?

Any moves? Changes? Reallocation?
 
longcast said:
So how did it look at the end of the week?

Any moves? Changes? Reallocation?
Click to expand...
Not bad after the close of the day yesterday
It made up alot of the past couple of weeks losses this week.
The website for the company that manages it for us is a day behind so I can't see it it in real time. I have to check it tomorrow once all the data for today is in....
 
Last edited:
Chinacat said:
Not bad after the close of the day yesterday
It made up alot of the past couple of weeks losses this week.
The website for company that manages it for us is a day behind so I can't see it it in real time. I have to check it tomorrow once all the date for today is in....
Click to expand...
Hopefully you are pleased. I missed out on a presentation today, but they were discussing 7+ % in the municipal market. Interesting.

Not for qualified money, but could fit nicely in a non qualified portfolio.
 
Last edited:
finance.yahoo.com

Morgan Stanley’s Wilson warns stock gains are bear market rally

(Bloomberg) -- The S&P 500 Index’s best week in a year was just a bear market rally, according to Morgan Stanley’s top-ranked strategist.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset...
finance.yahoo.com finance.yahoo.com

“The drop in Treasury yields was more related to the lower than expected coupon issuance guidance and weaker economic data as opposed to the bullish interpretation (for equities) that the Fed is going to cut rates earlier next year,” said Wilson, who was named as the best portfolio strategist by the latest Institutional Investor survey.
 
www.foxbusiness.com

Warren Buffett sits tight on cash as Berskhire investments take a hit: reports

Berkshire Hathaway reported a bigger loss in Q3 2023 than in the same quarter of 2022, but Warren Buffett argued that investors should judge the company on its operating earnings.
www.foxbusiness.com www.foxbusiness.com

Analysts expected Berkshire to report operating earnings of $6,540.23 per Class A share, but instead the company achieved $7,437.15 per Class A share.

Geico cited higher premiums as a result of increased car prices, and a decrease in both collision claims and its advertising budget as factors driving its change in fortunes, which have helped boost Berkshire in turn.

The other insurance holdings under Berkshire also benefited from a "quiet" Atlantic hurricane season, which meant fewer losses to handle, according to The New York Times.
 
📱 Fish Smarter with the NYAngler App!
Launch Now

Members online

Total: 239 (members: 14, guests: 225)

Fishing Reports

Latest posts

Latest articles

Back
Top