May 11th, 2007

Stock Market

Roller coaster ride

Yesterday the stock market was down.  Way down.  The Dow Jones Industrial Average was 13,215, down 148 points, and declines outnumbered advances nearly 4 to 1.  I lost over $900 in a single day.  Every single stock and mutual fund I own was down, except McDonalds (MCD) and the Prudent Bear Fund (BEARX).

Today, the market had regained most of what had been lost.  The DJIA got up to 13,326, just 37 points shy of it's all time high Wednesday.  My portfolio is up over $1000 on today's trading, $100 more than I lost yesterday.  Talk about falling in and coming out smelling like roses.  My only two losers today were Corel (CREL) and the Prudent Bear Fund.

Hopefully Monday will open up a bit more stable.
  • Current Mood
    ecstatic ecstatic
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Stock Market

Berkshire Hathaway

Wow, this company is just all over the map.   They own, among other things, Ben Bridge Jewelers, Business Wire, FlightSafety, Fruit of the Loom, GEICO, Dairy Queen, Nebraska Furniture Mart, See's Candies, Justin Boots, Kirby (vacuum cleaners), World Book, Benjamin Moore (paint), McLane (trucking), Acme Brick Company, Garanimals (children's clothing), the Pampered Chef, Clayton Homes, MidAmerican Energy Company and dozens more.  No wonder William Buffett is so freaking rich.

Damn, I just missed the annual stockholder meeting.  It was last Saturday.  And it was local, too.
  • Current Mood
    surprised amazed
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