“China Will Absolutely Not Experience a Hard Landing”

Mar 7, 2016
J. Webster
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There are very few absolutes in life, right? The sun will come up. Trump will say something crazy. The stock market will do something that surprises you.
"China will absolutely not experience a hard landing," Xu Shaoshi, head of the National Development and Reform Commission (NDRC), told reporters at a briefing. "These predictions of a hard landing are destined to come to nothing." (Reuters)
But you usually don't want to say something is absolutely not going to happen. How can you be so sure? It's usually the case when someone says something is not going to happen it

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Warren Buffett Isn’t Selling His Bank of America Stake

Feb 29, 2016
J. Webster
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In fact, Warren Buffett is going to buy more shares of Bank of America, as in 700 million shares, although at a discounted price. Yes, Buffett got quite the deal for those Bank of America shares when he had the idea of buying them when he was taking a bath.
Berkshire has one major equity position that is not included in the table: We can buy 700 million shares of Bank of America at any time prior to September 2021 for $5 billion. At yearend these shares were worth $11.8 billion. We are likely to purchase them just before expiration

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Oprah Winfrey Can’t Sell Weight Watchers Shares for Two Years

Feb 27, 2016
J. Webster
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Next to any article written about how much richer Oprah Winfrey has gotten since she bought a 10% stake in Weight Watchers, there should be a count down clock showing how much time left she has before she can sell her stake. I mean it's like who cares how much money Oprah has made on paper with her Weight Watchers stake, it could all mean nothing in a few years if the stock doesn't go higher. Yes, it's amazing to see the stock soar when Oprah tweets about how she's lost weight by eating Weight Watchers products, but she could gain

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Donald Trump Threatens Amazon

Feb 26, 2016
J. Webster
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So the list of companies former reality TV star Donald Trump has threatened just keeps growing. Everyone from Apple to Macy's to Starbucks to Ford to Kraft have all been attacked by Trump for various reasons. Now he says if he becomes president Amazon will have lots of problems. Incidentally, Amazon's stock didn't really react much to Trump's threats and was mostly up on the day.

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‘I Had A Morning Where I Wasn’t Doing Anything’

Feb 23, 2016
J. Webster
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Why did Jamie Dimon decide to buy $26 million worth of shares of JP Morgan? Well, Dimon had some free time in the morning. Yeah, sure, whatever Mr. Dimon...sort of reminds me of when Buffett said he thought about buying shares of Bank of America when he was taking a bath. It is funny though. This quote came during the JP Morgan investor conference:

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Don’t Let FOMO Influence Your Stock Buys

Feb 22, 2016
J. Webster
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FOMO. Yes, in the stock market that happens a lot. The stock market starts to soar and you're all cash. Oh no, you think, I've got to get back in. So while the above chart might make you think you have to buy stocks, you don't. Consider your overall financial position and plan. Is it really that crazy to wait for another down turn in the market or some sort of event that causes a big drop? Over the past

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Would Under Armour Buy FitBit…?

Feb 21, 2016
J. Webster
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Interesting Tweet from Eric Feng, who works at Silicon Valley venture capital firm Kleiner Perkins. Feng predicts that Under Armour will buy FitBit this year. The Tweet makes you think though, while Apple and their the Apple Watch might always hanging over the head of FitBit as a competitor, who else would be interested in competing with Apple in the fitness and health tracking market? If someone like Under Armour doesn't buy FitBit, what about Nike, Adidas, or another tech company, say Microsoft. Everyone talks about who's going to buy Twitter, maybe it's FitBit who gets bought out before them.

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Unicorn Throwing Up Rainbows Chart

Feb 20, 2016
J. Webster
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J.P. Morgan Asset Management has a chart called "Many unicorns finding it hard to survive in the wilderness," with a unicorn throwing up rainbows at the top. Yes, for all those billion dollar tech company's in the private market, the world is a different place once they've gone public and have to report each quarter whether they made money or not. Everyone from Fitbit to GoPro to Square to Twitter to Groupon, have all struggled once the public markets started taking a closer look at their valuations and lofty goals. In J.P. Morgan's chart it shows IPOs from Silicon Valley type

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Talk About a Precise Stock Market Prediction

Feb 16, 2016
J. Webster
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You've got about a month or so to buy stocks before they will go down. Robin Griffiths, the chief technical strategist at the ECU Group, says the Dow will peak on March 23, just after lunch:
However,several analysts told CNBC Monday that the rallies, including the 7.2 percent surge on the Nikkei and a two-day rally across European stocks, are only temporary moves in a prolonged downward, were only temporary. The Dow Jones Industrial Average , for example, will hit its peak on Wednesday, March 23rd, Robin Griffiths, the chief technical strategist at the ECU Group told CNBC. To be more specific

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Donald Trump Says Wall Street Banks Are Wimpy

Feb 16, 2016
J. Webster
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Donald Trump says Wall Street banks need to fight harder against lawsuits and not settle so easily. Trump also says that all those regulations from Dodd Frank need to be repealed. So is a vote for Trump a vote to make Wall Street great again or is it the path to another financial crisis in the future? I wonder if Trump would loan out some of his attorneys to make all these lawsuits against Wall Street banks miraculously go away...?

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