theprof00 said:
Kasz216 said:
silicon said:
Unfortunately it's likely that none of those play a factor in the rise of the stock. It was probably undervalued after it's drop so now people are buying it again. |
That and this was the first time asian markets were open after the Ben Bernake Speech. Sony was up 2.8% too.
The only reason Japanese stocks didn't rise higher is that their new Prime Minister prefers tax increases to spending cuts.
As for Berkshire Hathaway, that just goes up whenever Warren Buffet speaks. He's reached a cult status to where he can't fail because the market breaks it's neck to follow suit.
Like in Bank of America's case. After eveyrone found out Buffet bought it, the stock surged and he made a ton.
I can only imagine what will happen on the sad day warren buffet has to step down.
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Isn't he also known as the guy who said, "tax us, we have too much money"?
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Yep. Funny enough, i saw an article that suggested that 50% of the rich people he was talking about agreed with him.
http://www.theatlanticwire.com/national/2011/09/half-wealthy-americans-agree-buffett-would-pay-higher-taxes/42145/
Yet they aren't donating money to the government.
I think it has to do with the "Common good" line... as in giving more money to government doesn't help the common good. Heck, when asked why Buffet doesn't pay more in taxes his arguement was he could find more efficent uses to help people with his money.
That 50% is probably doing more with that money donating it then the government would do with double the money.
