Charting Stocks

What a wild ride these past few weeks have been. Only a month or so ago the Dow Jones Industrial Average traded down to 6,500 amid an onslaught of catastrophic economic news. The market has since rallied 25% from its low with insolvent banks such as Citigroup and Bank of America quadrupling in value. Jim [...]

The oracle of Omaha, Warren Buffet, sold half of his stake in Johnson & Johnson (JNJ).
Mr. Buffett’s Berkshire Hathaway has just reported its holdings as of December 31 2008. The company slashed its position in JNJ to 28.6 million shares down from 61.8 million the previous quarter (a 54% reduction). Johnson & Johnson peaked in [...]

I’m amazed at the amount of optimistic propaganda peddled by the mainstream media as well as major investment houses. Countless are their graphs and comparisons which claim that buying and holding stocks is the best way to grow capital. They tell you that the average return of the stock market is 10% and if [...]