Buffett's Johnson and Johnson (JNJ) Makes Up For Some Of His Mistakes

Image via Wikipedia3 Stocks Warren Buffett Owns That You Shouldn't

By Anand Chokkavelu, CFA
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October 18, 2010

Yes, the three stocks I'm about to share are all owned by Warren Buffett -- and, more importantly, I don't think they should be owned by you.

To be clear, these aren't trivial positions hiding in the corners of his Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) stock portfolio. No, together, they make up almost a quarter of it.

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Is this heresy?

Studies have proven that following Buffett pays off big time. Each quarter, Buffett must tell the world all his major stock moves via Form 13F filings with the SEC. A recent study showed that investors could have crushed the market by mimicking his moves exactly. Even with the handicap of buying those stocks up to three months after Buffett.

Black Monday 1987: History of Wall Street

Image via WikipediaLessons learned

Commentary: On this day 23 years ago, the stock market crashed
 
By MarketWatch

CHAPEL HILL, N.C. (MarketWatch) — Today is a somber anniversary for anyone who is at least 45 years old.

And while anyone younger than that probably doesn’t remember what happened on Oct. 19, 1987, since they were not yet out of college, they should also study what happened on what came to be known as Black Monday. This includes most mutual fund managers, by the way.

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U.S. stock indexes falter as Wall Street Frets About Economy

Image via CrunchBase Here is today's story from Marketwatch which pretty much sums up the economy as a whole right now. Most BioPharma Stocks are down for today. When they do well they tend to do really well but just not today. Monday showed investor's fear as job data comes out Friday. No Jobs = No Recovery

Market Snapshot for Monday August 30th, 2010.

Hindenburg Omen Spells Doom. Great What's Next.

I cant make this stuff up. People just lost their shirts last week and all we hear is doom and gloom. Not so sure how this will pan out. The doom and gloom people are doing well trading on investors fears in the market right now. Where's the optimism these days? When will the recover start?

'Hindenburg Omen' Flashes Technical Gauge and Its Creator Sense Stock Gloom; 'Good Conspiracy Theories'?

The Omen's Criteria
All criteria must be met for a confirmed occurrence.

-The daily number of new NYSE 52-week highs and the daily number of new 52-week lows must both be greater than 2.5% of the total issues traded that day.

-The smaller of the 52-week highs and lows must be greater than or equal to 79 (or 2.5% of 3,168 issues).

-The NYSE's 10-week moving average must be rising.

-The McClellan Oscillator, a measure of market fluctuations, must be negative.

-New 52-week highs can't be more than twice the new 52-week lows. (However, it is acceptable for the new 52-week lows to be more than double the 52-week highs.) 


'Hindenburg Omen'

By STEVEN RUSSOLILLO And TOMI KILGORE

Forget about Friday the 13th. Many on Wall Street took to whispering about an even scarier phenomenon—the "Hindenburg Omen."