“Wall Street is the only place where people who own Rolls Royce seek advice of the ones who travel to work by subway/local trains” -Warren Buffet
So says Sir Warren, who if he knew who we were, would be enjoying this weekend reading right now via the local Dairy Queen’s WiFi:
• Stocks, Oil Hit New 2009 Highs Stocks and oil rallied to the highest levels this year as a report showing strong sales of existing homes boosted investors’ hopes for a U.S. economic rebound on Friday.
• What the Stress Tests Didn’t Predict (NYT)
• World Economy Emerging From Worst Recession Since World War II (Bloomberg) — The global economy may be coming out of the worst recession since World War II as record-low interest rates and trillions of dollars in fiscal stimulus spur demand.
• America May Need to Find Another Financier (NYT) AS the United States rolls up record budget deficits, Asian countries are showing a reduced willingness to finance the debt.
• Credit Crisis Is a Big Draw for Finance Museum (NYT)
• Financial Historian on The Dow as ‘Cultural Icon (Marketbeat) ’Wall Street without the Dow? It seems to be a possibility. We know Dow Jones & Co Inc. has been sounding out potential buyers for the company’s stock-market indexing business. See also The Dow’s Ins and Outs
• Surprising sentiment (MarketWatch) Contrarians are no longer sure that the stock market’s very short-term trend is down. And that represents a big shift from what contrarians were saying as recently as just one week ago, when almost all of the sentiment indicators seemed to be saying that the rally was entering into dangerous territory.
• Why Is Obama’s Top Antitrust Cop Gunning for Google? (Wired) Recently, Google’s size and ambitions have begun to obscure its halo. Advertisers have watched nervously as the company’s share of the search-advertising market has jumped to 75 percent from 50 percent over the past three years.
• The 3 key parts of news stories you usually don’t get (Newsless)
• Max Damage, a compulsively addictive game
What else is worth reading ?
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