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Tuesday, September 23, 2008

Stock futures soaring 20 points higher on the S&P as Warren Buffett is putting 5 billion in Goldman Sachs preferred. Market likes it and why would Buffett do it know unless he felt of knew that the bailout is a done deal.
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3 comments:

Anonymous said...

Joe,

We need a break. All this rapid fire news, sentiment swings and daily confusion is grueling. I wouldn't mind shutting things down and coming back in 6 mos. Probably won't miss much.

Mr. Majestyk

9/23/2008 8:11 PM
Anonymous said...

Warren Buffett Raped GS.
Desperate times require desperate measures.



HS
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"Berkshire will receive preferred stock with a 10 percent dividend that can be called at any time at a 10 percent premium, the statement said. Berkshire will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, exercisable at any time in five years."

9/23/2008 10:49 PM
Anonymous said...

The real implications of the Buffett deal IMHO is if Goldman Sachs has to pay 10% plus warrents to get financing... what will lesser companies need to pay to get financing?

We better pray that some reasonable bank bad debt bailout bill is passed, otherwise we will wholesale liquidations of good companies.

9/24/2008 9:28 AM

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