Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» i am new comers forum
by faz1 Yesterday at 9:38 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:54 pm

» ALHP WILL MOVE UP SOON
by ruwan326 Yesterday at 8:40 pm

» expo.. @4.00
by ruwan326 Yesterday at 8:34 pm

» How to pick winning stocks by analysis not through predictions and gossip news-1
by Ryan Hudson Yesterday at 1:56 pm

» Wach out for RIL
by ruwan326 Yesterday at 10:41 am

» MARKET CRASH - GUARANTEED
by anjelo Yesterday at 10:31 am

» FLCH , BIL
by anushka25 Mon Jul 16, 2018 10:18 pm

» LDEV GEARING UP
by ruwan326 Mon Jul 16, 2018 8:06 pm

» Monday blood bath
by ruwan326 Mon Jul 16, 2018 12:41 pm

» Sri Lankan shares extend gains to 2-week closing high
by ruwan326 Mon Jul 16, 2018 11:40 am

» Free earn 120$...or above
by Uaecoindubai Mon Jul 16, 2018 12:01 am

» Good bye your job and earn 20-30% per month
by Uaecoindubai Sun Jul 15, 2018 10:05 pm

» John Keells Miserable Future until 2020
by DS Wijesinghe Sun Jul 15, 2018 5:32 pm

» Summary of Key Announcements during the week end 13July 2018
by ruwan326 Sun Jul 15, 2018 7:59 am

» BIL & FLCH
by ruwan326 Fri Jul 13, 2018 10:26 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Bill Gross says you can thank Warren Buffett for Tuesday's stock market rally

Bill Gross says you can thank Warren Buffett for Tuesday's stock market rally

Go down  Message [Page 1 of 1]

VALUEPICK

avatar
Expert
Expert
http://finance.yahoo.com/news/bill-gross-says-thank-warren-215544526.html
 
Bill Gross says you can thank Warren Buffett for Tuesday's stock market rally.
Via the @JanusCapital account on Twitter, Gross said on Tuesday: "Buffett, not oil, likely cause of today's rally. $32 billion purchase of PCP closes Friday. Fresh $$."


Breaking it down:


·  There's been a very tight relationship between the movements in crude-oil prices and stocks of late. Of course on any day there's more than one "catalyst" moving markets, but the fact that oil and stocks move in tandem almost daily has been hard to ignore.


· But Gross' comment, then, is saying that the rally had to do with the closing of Buffett's acquisition of Precision Castparts, a huge supplier to the aerospace industry, for $32 billion. The deal was announced last August, finally has the blessing of regulators, and will close on Friday.


· And since Berkshire Hathaway's largest acquisition ever is finally closed, Buffett can take some of the company's cash and redeploy it into the market and buy other things. That is: all of the stocks. Or so the story goes.

Maybe Gross is actually talking about Buffett, or maybe he's just referencing value investors in general who might look at current stock market levels and want to buy.

Either way, we know we definitely haven't read this anywhere else.

VALUEPICK

avatar
Expert
Expert
http://www.dailyjournal.net/view/story/747850c1338149599fbd8751397e0285/NE--Berkshire-Hathaway-Precision-Castparts

Warren Buffett's company expects to complete its $32 billion acquisition of Precision Castparts on Friday.

VALUEPICK

avatar
Expert
Expert
http://fortune.com/2016/02/17/kinder-morgan-stock-warren-buffett/

How Warren Buffett Helped Drive the Market's Longest Winning Streak of 2016

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum